Petty Cash: Definition, Recording, and Usage Guide

Typically, petty cash is locked in a small box and is replenished frequently to ensure cash is available for any urgent purchases In most cases this is for

Any time a member of your team takes some petty cash for a purchase, they should record it in the log book with details about how much was taken

paticash When the Fiduciary or Custodian of a Petty Cash or Change fund changes, the fund should be reimbursed to its original amount; any overagesshortages should be

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