Petty Cash What is it?

Petty Cash What is it? paticash Petty cash refers to the amount used to pay for small expenses of a company issuing a check for which seems unreasonable Payment by check involves a long paticash Petty cash may be used to reimburse an individual for a purchase that was made using hisher personal funds Upon presentation of original, itemized receipts to

paticash The small amount of extra money a business keeps on hand is known as petty cash If you work at your aunt's hardware store, she may give you ten dollars out

paticash 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 When the Fiduciary or Custodian of a Petty Cash or Change fund changes, the fund should be reimbursed to its original amount; any overagesshortages should be