Petty Cash Accounting

Petty Cash Accounting paticash Advantages of Imprest System of Petty Cash Book · It acts as a healthy check on the petty cashier as he has to submit the statement of petty expenses to the 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 Policy The Department Head is ultimately responsible for the basic safety and control of the Cash fund, regardless of who actually handles the transactions,

paticash Petty cash funds are established for the purpose of enabling departments to complete minor business transactions as part of their daily operations Petty cash As the petty cash is used and the fund diminishes, it is replenished to the original fixed amount This is typically done by submitting the recorded expenses