Petty Cash

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Petty cash funds allow employees to make small, authorized purchases without the hassle of filing an expense report This, in turn, reduces bookkeeping tasks,

If there were cash overage, the petty cash account would be debited and the cash over and short account would be credited In this case, the expense balance The custodian should be the only person with physical access to funds Petty cash should be maintained on an imprest basis, which means that the amount of the

dragon games offline Whatis petty cash book? Write the advantages of petty cash book? Advantages of Imprest System of Petty Cash Book · It acts as a healthy check on the petty cashier as he has to submit the statement of petty expenses to the