What Is a Petty Cash Fund? Purpose, Uses & Alternatives

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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

Companies replenish the petty cash fund at the end of the accounting period, or sooner if it becomes low The reason for replenishing the fund at the end of the The purpose of a petty cash fund is to provide business units with sufficient cash to cover minor expenditures The intent is to simplify the reimbursement

nagaland lottery 17 6 24 PETTY CASH definition: 1 a small amount of money kept in an office for buying small things that are needed: 2 a small… Learn more Petty cash is a small amount of money a company keeps for small, incidental expenses These minor payments include office supplies, stationery,