Petty cash is often a small amount of discretionary funds in the form of cash used for expenditures where it is not sensible to make the disbursement by check, because of the inconvenience and costs of writing, signing and then cashing the check.
petty cash
A current asset account that represents an amount of cash for making small disbursements for postage due, supplies, etc.
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Petty Cash
Minor amount of money held by a person or business to pay for small miscellaneous and infrequent items of expenditure. ...
petty cash account - Related Articles
Accounting
Key Concepts
Virtually all countries require companies, as well as other organizations which carry out financial transactions, such as charities, to produce a set of accounts.
Petty Cash
Definition: Amount of cash kept on hand for incidental expenses.
Petty Cash
A petty cash fund allows you to make small payments without having to write checks for small amounts. Each time you make a payment from this fund, you should make out a petty cash slip and attach it to your receipt as proof of payment.
petty cash: a small store of cash used for minor business expenses.
phantom income: income that is subject to tax even though the recipient never actually gets control of it, for example, income from a limited partnership.
Petty Cash - Cash normally held on the premises for spending on small one-off items, usually in a secure location (under lock and key within a cash box, maybe in a safe), the transactions of which are accounted for in a cash book.
Petty cash
The amount of currency and coin that a company keeps on hand to pay for small purchases and expenses.
Statement of Cash Flows ...
petty cash fund Cash kept on hand for making small, incidental cash payments.
petty cash requisition A form requesting money to replenish the petty cash fund.
Petty Cash Fund: A small amount of cash kept on hand used for making miscellaneous payments.
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PETTY CASH - A sum of money set aside on an imprest basis. Cash held for making change or paying small obligations when the issuance of a formal voucher and warrant/check would be too expensive and time consuming.
Petty cash slip - A document used to record petty cash payments where an original receipt was not obtained (sometimes called a petty cash voucher).
Petty Cash Fund - fixed fund used to make small payments without having to write a check or use credit. The total of the unspent petty cash and the amount in receipts should equal the fixed amount of the fund.
Petty cash, also known as imprest cash, is a fund established for making small payments that are impractical to pay by check. Examples include postage due, reimbursement to employees for small purchases of office supplies, and numerous similar items.
Petty Cash
The small amount of cash and coins that an organization uses for minor purchases and providing change to customers.
What Is Money?
IMPREST - see PETTY CASH.
IMPREST BASIS - in cash accounts, means that the exact amount of fund expenditures is replaced periodic...
IMPREST FUND - (1) available money of a designated amount maintained in order to pay for small, routine...
petty cash A small amount of cash left readily available by a business for incidental expenses. PFS Acronym for Personal Financial Specialist. A Certified Public Accountant who... PGK The ISO currency code for the Papua New Guinea Kina.
Petty cash: Cash that a business has on hand for payment of minor expenses when use of a business check is not convenient. Not to be used for handling sales revenue.
Petty cash fund: A cash fund. Considered part of cash on hand.
petty cash fund, petty cash voucher
phantom income
phantom stock plan
phaseout of personal exemptions
philadelphia stock exchange
phillips curve
phishing
physical commodity
physical depreciation or physical deterioration ...
received into their bankers without deduction, and pay all accounts by cheque; the necessity of an account for office cash thus no longer exists, save in connexion with petty payments, which are recorded in a separate book called the petty cash book.
Petty Cash
Cash held by a company on its premises to cover small items of expense. A record of such transactions is usually kept in a petty cash book....(Read more)
PFI
See private finance initiative...(Read more)
Phased Retirement ...
The cash over and short account is an income statement account used to record cash overages and cash shortages arising from omitted petty cash receipts and from errors in making change for tendered petty cash receipts.
Cell ...
When giving an employee cash for 10 years of service with our company, does it have to be a payroll check with deductions taken out of it? Or can it be taken from petty cash and entered as an employee expense?
Imprest Funds. Funds set aside as a cash reserve for expenditures expressly designated. Also, a petty cash fund.
 See also: Expense, Bills, Disbursement, Due date, Opportunity cost
  
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