Petty Cash: What It Is, How It's Used and Accounted For, Examples

Petty Cash paticash Petty cash may only be used for university business expenses and must meet every test applied to purchases made through the more formal process It cannot be paticash When the Fiduciary or Custodian of a Petty Cash or Change fund changes, the fund should be reimbursed to its original amount; any overagesshortages should be

paticash When your petty cash cashier puts money into the petty cash fund, they must create a journal entry in your books The entry must show an