What is Petty cash?

What is Petty cash? paticash Otherwise known as a petty cash fund, petty cash is a small amount of money set aside to fund ad hoc and small purchases The amount of petty paticash Guidelines for Petty Cash In general, a department may have a petty cash fund to allow payment of small value purchases, for which the purchasing card or

paticash 1 Proper documentation One of the primary challenges of managing petty cash in accounting is ensuring proper documentation of all transactions

paticash Accounting Entry Used to replenish the cash in the petty cash account This account is not changed unless there is a change in the value of the petty cashcash 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