Petty Cash: Meaning, Accounting, Management, and Examples
Petty Cash: Meaning, Accounting, Management, and Examples
Petty cash is money that is kept in the office of a company, for making small payments in cash when necessary The PAs were trying to find
Petty cash is a small amount of cash belonging to a business and kept on its premises Typically, petty cash will be used for small incidental office costs The authorized balance of imprest, petty cash and other revolving funds should be reported as cash in the general ledger in whichever fund expenditures are
meloni meme Petty cash funds are for expenditures connected to approved University activities A sum of money is set aside in an imprest account OR petty cash fund, a fixed Policy The Department Head is ultimately responsible for the basic safety and control of the Cash fund, regardless of who actually handles the transactions,
