Petty Cash Book

Petty Cash Book paticash Petty cash funds are established for the purpose of enabling departments to complete minor business transactions as part of their daily operations Petty cash paticash Petty cash is a current asset and should be listed as a debit on the balance sheet When first funding a petty cash account, the accountant

paticash Replenish a Petty Cash Fund Petty Cash should be replenished when cash is nearly expended, allowing sufficient time for processing a reimbursement request,

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 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