Video: Petty Cash Accounting

Petty Cash Management 101: Tips And Techniques paticash 2 Fixed system of petty cash Unlike the open system, here, the petty cashier is given a fixed amount of money for a fixed amount of period Once the period is paticash Petty cash can sometimes be used in place of the university purchasing process where appropriate, for example, as reimbursement for small, incidental department

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