Petty cash: Difference between revisions
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The amount of cash that an organisation keeps in notes or coins on its premises to pay small items of expense. | The amount of cash that an organisation keeps in notes or coins on its premises to pay small items of expense. | ||
This is to be distinguished from cash which normally refers to amounts held in banks. | This is to be distinguished from cash which normally refers to amounts held in banks. | ||
Petty cash transactions are normally recorded in a petty cash book, the balance of which should agree with the amounts of petty cash held at any given time. | Petty cash transactions are normally recorded in a petty cash book, the balance of which should agree with the amounts of petty cash held at any given time. | ||
== See also == | == See also == | ||
* [[Cash]] | * [[Cash]] | ||
* [[Imprest system]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Cash_management]] | |||
[[Category:Liquidity_management]] | |||
Latest revision as of 20:41, 31 August 2019
The amount of cash that an organisation keeps in notes or coins on its premises to pay small items of expense.
This is to be distinguished from cash which normally refers to amounts held in banks.
Petty cash transactions are normally recorded in a petty cash book, the balance of which should agree with the amounts of petty cash held at any given time.
