Petty cash: What it is and how it's used

To ensure that the petty cash fund is always fully stocked, it is important to regularly replenish it This can be done on a regular

Petty Cash is a method of facilitating payment of small amounts of the purchase of minor office supplies items and small expenses payments such as carfares

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

paticash Accounting Entry Used to replenish the cash in the petty cash account This account is not changed unless there is a change in the value of the petty cashcash