paticash
What is Petty Cash and How to Manage it?
paticash
website paticash Imprest Petty Cash: In the imprest system, a fixed, predetermined amount of cash is kept for a certain period, which normally does not fluctuate paticash A small amount of cash is used to pay for minor expenses and must be refilled The custodian collects all the receipts and slips given to different organization
paticash Procedures · Any cash received by an employee to make an approved purchase should be recorded on the Cash Fund Activity Log confirming receipt of the money 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 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
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