Petty Cash
Petty Cash
A Petty Cash Fund is a cash fund kept secured for immediate use when a UVM purchase order or a UVM purchasing card cannot be used Petty Cash transactions are
Two Methods for Petty Cash The first method involves writing 'checks' to specific vendors with expense accounts Deposits to and expenses drawn Because credit cards and online transactions are common nowadays, petty cash funds are no longer necessary for a healthy business spending
राशि के अनुसार लकी नंबर Petty cash should be used for small payments of goods or services where it is uneconomic or inconvenient to process via purchase order Petty Cash Funds To help departments pay for small expenses for everyday business and have cash on hand for these situations, a petty cash fund can be set up
