petty
petty cash voucher is released by the handler of the funds to support every payments made. petty cash book contains a summary of all petty cash disbursements, its total and the balance.
A petty cash receipt is an invoice or receipt for items or services bought out of petty cash. Petty cash is the small amount of cash usually held by businesses for one off small items.
The petty cash book which is prepared in columnnor form is called anylatical petty cash book
yes. the entry should be: petty cash fund debit cash in bank credit
petty
petty cash voucher is released by the handler of the funds to support every payments made. petty cash book contains a summary of all petty cash disbursements, its total and the balance.
A petty cash receipt is an invoice or receipt for items or services bought out of petty cash. Petty cash is the small amount of cash usually held by businesses for one off small items.
The petty cash book which is prepared in columnnor form is called anylatical petty cash book
petty cash book is the book which is used for the purpose of recording the payment of petty cash expenses.
yes. the entry should be: petty cash fund debit cash in bank credit
credit
That all depends on who you owe the money to. Petty cash is basically a small amount of cash that can be used by employees to buy miscellaneous goods such as girl scout cookies or that cleaner people always come to your office to try and sell. Once the money is taken, they have to deposit a slip of paper telling how much money was spent by who, and what did that money purchase. If you buy something small for the business or other employees with the money from petty cash, that IOU is part of petty cash. However, if you have an IOU (I Owe You) towards another business, it is considered to be an Account Payable because you purchased goods with money that you promise them within the next 30 or so days.
Debit petty cashCredit cash / bank
No.
[Debit] Petty Cash account [Credit] Cash account
a petty cashier