Petty Cash

Petty Cash 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 paticash Typically, petty cash is locked in a small box and is replenished frequently to ensure cash is available for any urgent purchases In most cases this is for

paticash Otherwise known as a petty cash fund, petty cash is a small amount of money set aside to fund ad hoc and small purchases The amount of petty

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 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