Petty cash accounting
Petty cash accounting
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Petty Cash · Generally petty cash funds for orgs should be set up in amounts not to exceed $500 · Petty cash funds are not to be used as an
Companies often use petty cash to make change for customers and pay for small, unexpected expenses such as office supplies or a small repair You mark it as a petty cash fund For cheques, write the amount you want to keep afloat and cash the cheque In your accounting ledger journal
केरल लॉटरी रिजल्ट kerala Imprest Petty Cash: In the imprest system, a fixed, predetermined amount of cash is kept for a certain period, which normally does not fluctuate 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