paticash
Whatis petty cash book? How it is prepared?
paticash
website paticash It is prepared by two methods: Ordinary system: In this case, a fixed sum of money is paid to petty cashier for the payment of petty expenses and after spending paticash Petty cash is a current asset and should be listed as a debit on the balance sheet When first funding a petty cash account, the accountant
paticash The authorized balance of imprest, petty cash and other revolving funds should be reported as cash in the general ledger in whichever fund expenditures are Petty cash should be logged with journal entries This includes debits to the petty cash account, which are the purchases made, such as supplies, and credits to The petty cash voucher must have the following information: Date of disbursement, Amount which is disbursed, Person who received the money, Reason for
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