Petty Cash Accounting

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When petty cash is used to make purchases, no accounting journal entries are made; instead, they are only made when the custodian needs more money and receives

Petty cash refers to the fund that businesses keep on hand to cover minor expenses or make small purchases Read the examples of petty cash Whatis petty cash book? Write the advantages of petty cash book?

mega link kashmir Companies often use petty cash to make change for customers and pay for small, unexpected expenses such as office supplies or a small repair PETTY CASH definition: 1 a small amount of money kept in an office for buying small things that are needed: 2 a small… Learn more