paticash
Petty Cash Accounting Journal Entry, Transactions & Facts
paticash
website paticash 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 paticash 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
paticash 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, 2 Fixed system of petty cash Unlike the open system, here, the petty cashier is given a fixed amount of money for a fixed amount of period Once the period is Petty cash meaning For a petty cash definition, it's the fund that's used for small business expenses These are usually day-to-day items that
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