About this document
Petty Cash Fund Management Guide by Jay Lou Payot is a document available to read on EtoBox.
The petty cash fund is a small amount of cash set aside to pay for minor business expenses. When money is taken from the petty cash fund, no journal entries are made initially, but expenses are recorded in a petty cash register. At replenishment, the expenses are entered as debits to various expense accounts and the petty cash fund is credited. Shortages in the petty cash fund are typically treated as a receivable from the custodian responsible for the fund.
- Author
- Jay Lou Payot
- Language
- EN