Petty Cash
Petty Cash
The cashier creates a journal entry to record the petty cash receipts This is a credit to the petty cash account, and probably debits to
Petty cash may only be used for university business expenses and must meet every test applied to purchases made through the more formal process It cannot be Replenish a Petty Cash Fund Petty Cash should be replenished when cash is nearly expended, allowing sufficient time for processing a reimbursement request,
jackpot tax calculator Petty cash refers to the notion that every business needs cash on a regular basis to pay for such things as office supplies, mail services, Petty cash may be used for small payments of goods or services where the school has no formal account The petty cash expenditure limit should be set by the
