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Q: What information would the petty cash register contain?
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Continue Learning about Accounting

What is petty cash book?

A petty cash book is a book of vouchers which are prepared each time a disbursement is made from petty cash. The voucher would show the date, amount, recipient, purpose and general ledger account number relating to the expense. The person giving out the petty cash and the person receiving the petty cash would sign the voucher and any supporting documentation (such as receipts) would be attached.


If a petty cash fund was established with a 250 balance and currently has cash of 31 and petty cash tickets totaling 219 what would be included in the entry to replenish the fund?

A company check in the amount of $219 would replenish the funds.


Why business keep petty cash book?

When an employee needs to buy something quick they can use petty cash. For example, if an employee made a quick trip to get some donuts for the people in the office they would just take from the petty cash on hand.


Where can one find information about their bank account in relation to learning about online banking?

The best place to look for information about online banking with you current bank account, would be to go direct to your bank. Either on their website or asking in the bank when you are there. They will be able to give you all the information on how to use it, what you need to do to register for it and if you are entitled to it.


Correct entry to replenish petty cash?

Typically, a company would write a check in the amount needed to bring the petty cash box back to the imprest amount. So, if the petty cash account has a balance of $200, but there is only $50 in cash in the petty cash box, they would write a check for $150...usually to the Office Manager or whoever is responsible for petty cash. The debit side of the entry is to the various expense accounts supported by the receipts or vouchers in the box: postage expense, office expense, misc. expense, etc. Of course, the credit side of the entry is to cash. The only time you ever make an entry to an imprest petty cash account is when you first set it up, or if you increase or decrease the imprest amount. In the example above, if the receipts in the box did not total $150, you would still write the check for $150 and have an entry to an expense account called cash over/short.

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They would be called headings or labels.


What typically contain descriptive information about items in rows or contain information that helps to group the data in the worksheet?

They would be called headings or labels.


Where do I register for a business license?

REgister for a business license with the government. Depends on what type of business you want to register. For example, if you were trying to get a license to be a day care provider you would find all of the needed information through a daycare agency.


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why would an organisation have a file register


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What is petty cash?

A petty cash book is a book of vouchers which are prepared each time a disbursement is made from petty cash. The voucher would show the date, amount, recipient, purpose and general ledger account number relating to the expense. The person giving out the petty cash and the person receiving the petty cash would sign the voucher and any supporting documentation (such as receipts) would be attached.


What is petty cash book?

A petty cash book is a book of vouchers which are prepared each time a disbursement is made from petty cash. The voucher would show the date, amount, recipient, purpose and general ledger account number relating to the expense. The person giving out the petty cash and the person receiving the petty cash would sign the voucher and any supporting documentation (such as receipts) would be attached.


What would NOT be accepted as petty cash?

9.00


Is getting someone expelled for stealing your friend petty?

No. It is worse than petty. That would be selfish and mean-spirited.