Involves having a fixed sum of amount ,which will revove for a financial year.
As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Cash A/c to another (e.g. main cash to petty cash )or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from.Cash account to Cash accountCash account to Bank accountBank account to Cash accountBank account to Bank account
The amount out of the check that you are receiving in cash.
Cash profit means profit after tax plus depreciation.
Cash profit means profit after tax plus depreciation.
Cross-footing a cash receipts journal means
Restoring the imprest amount means replenishing the cash or funds in a petty cash fund or similar account to its original predetermined level after expenses have been disbursed. This process involves documenting the expenses incurred and submitting them for reimbursement or replacement, ensuring that the total cash in the fund remains consistent. This practice helps maintain accurate financial records and controls over cash handling.
Petty is anglicized from the french 'petite' (small). Small businesses buy minor quantities of stationary, postage etc for cash rather than paying by check. To keep track of those fees there is a dedicated petty cash book. Each day the petty cash book is balanced before putting the petty cash and daily receipts in the safe.
Petty, from the French petit (small) means minor in terms of rank or importance, as in petty officer, petty cash or petty theft. In terms of personality it means mean-spirited, low, ungracious. The official definition of the word petty is "of little importance; trivial."
I think you mean, "petty cash,' a term for a small amount of actual cash money, as opposed to checks, credit cards, etc., retained usually in an office environment.
As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Cash A/c to another (e.g. main cash to petty cash )or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from.Cash account to Cash accountCash account to Bank accountBank account to Cash accountBank account to Bank account
it mean petty funny and cool!!
To argue in a petty manner
- make trivial objections: to argue over unimportant things and make petty objections - petty objection: an unimportant distinction or petty objection
No. It is worse than petty. That would be selfish and mean-spirited.
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Master Chief Petty Officer of the Navy
to restore or return to native land