Petty Cash Funds

paticash   Dan paticash

A revolving fund account is established by the legislative body for specific amounts and uses As

It is prepared by two methods: Ordinary system: In this case, a fixed sum of money is paid to petty cashier for the payment of petty expenses and after spending 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

book tip tyseley Petty cash reconciliation is the process by which the business ensures that its cash funds are being spent according to internal guidelines and policies and 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