Whatis petty cash book? How it is prepared?

As the petty cash is used and the fund diminishes, it is replenished to the original fixed amount This is typically done by submitting the recorded expenses

Whatis petty cash book? How it is prepared? It is prepared by two methods: Ordinary system: In this case, a fixed sum of money is paid to petty cashier for the payment of petty expenses and after spending

As the petty cash is used and the fund diminishes, it is replenished to the original fixed amount This is typically done by submitting the recorded expenses

paticash Petty cash meaning For a petty cash definition, it's the fund that's used for small business expenses These are usually day-to-day items that

Petty cash is a small amount of discretionary funds in the form of cash used for minor expenditures The most common way of accounting for petty cash

paticash Cash count and verification of funds must be performed periodically, at least quarterly, by someone other than the custodian Verification of

Any time a member of your team takes some petty cash for a purchase, they should record it in the log book with details about how much was taken