What is Petty Cash & How to Manage it?

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When petty cash is used to make purchases, no accounting journal entries are made; instead, they are only made when the custodian needs more money and receives

Petty cash should be used for small payments of goods or services where it is uneconomic or inconvenient to process via purchase order Petty cash may be used for small payments of goods or services where the school has no formal account The petty cash expenditure limit should be set by the

grab redeem code apk Accounts Payable - Responsible for providing timely replenishment of Petty Cash Funds based on the approval of General Accounting Petty Cash Fund Custodians - How Can Businesses Set Up A Petty Cash Management System · Employing a Custodian · Finance the Petty Cash Account · Ensure That the Funds Are