PETTY CASH definition and meaning
PETTY CASH definition and meaning
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
Cash count and verification of funds must be performed periodically, at least quarterly, by someone other than the custodian Verification of Introduction Petty cash is a nominal sum which is preserved in hand to cover minor expenses, such as reimbursements or other office-related expenses
stakegames 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 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
