paticash
Petty cash - Definition, Meaning & Synonyms -
paticash
website 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 Petty cash is a small amount of discretionary funds in the form of cash used for minor expenditures The most common way of accounting for petty cash
paticash Petty Cash Replenishments Guidelines for acceptable expenditures are available in the Procurement Policy For reimbursements, a Petty Cash Voucher should be Petty cash should be used for small payments of goods or services where it is uneconomic or inconvenient to process via purchase order 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
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