Petty Cash Financial Services

Petty Cash Book paticash Definition of Petty Cash Petty cash or a petty cash fund is a small amount of money available for paying small expenses without writing a check paticash Custodian Responsibilities · Ensure that appropriate receipts are obtained to support all disbursements · Ensure that the expenditure is appropriate in nature

paticash 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