Imprest, Petty Cash and Other Revolving Funds

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Petty Cash is a method of facilitating payment of small amounts of the purchase of minor office supplies items and small expenses payments such as carfares

Imprest Petty Cash: In the imprest system, a fixed, predetermined amount of cash is kept for a certain period, which normally does not fluctuate Before a petty cash account is set up, the organization should establish a policy that dictates the maximum amount to be held in the account,

jeetkhel aviator download Petty cash can sometimes be used in place of the university purchasing process where appropriate, for example, as reimbursement for small, incidental department Petty cash funds are for expenditures connected to approved University activities A sum of money is set aside in an imprest account OR petty cash fund, a fixed