Management of Petty Cash

Petty Cash is a method of facilitating payment of small amounts of the purchase of minor office supplies items and small expenses payments such as carfares

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

paticash Reconciliation of Petty Cash Funds At the end of each month the custodian must reconcile the petty cash fund to ensure that all money is accounted for using

paticash 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