Search results
Results From The WOW.Com Content Network
Petty cash is a small amount of discretionary funds in the form of cash used for minor expenditures. [1] The most common way of accounting for petty cash expenditures is to use the imprest system .
The imprest system is a form of financial accounting. The most common is petty cash. [1] The basic characteristic of an imprest system is that a fixed amount is reserved, which after a certain period or when circumstances require because money was spent, will be replenished. This replenishment will come from another account, for example petty ...
Petty cash is a small amount of cash that is used for payment of insignificant expenses and the amount of it may vary depending on the organisation. For some entities $50 is adequate amount of cash, whereas for others the minimum sum should be $200. Petty cash funds must be safeguarded and recorded in order to avoid thefts.
A petty cash book is a record of small-value purchases before they are later transferred to the ledger and final accounts; it is maintained by a petty or junior cashier. This type of cash book usually uses the imprest system: a certain amount of money is provided to the petty cashier by the senior cashier. This money is to cater for minor ...
Revolving fund. A revolving fund is a fund or account that remains available to finance an organization's continuing operations without any fiscal year limitation, because the organization replenishes the fund by repaying money used from the account. Revolving funds have been used to support both government and non-profit operations.
Bristol City Council said it is taking "immediate action" [BBC] Bristol City Council lost track of £1.8m petty cash transactions by staff last year, a damning report found. Social workers issued ...
You can find instant answers on our AOL Mail help page. Should you need additional assistance we have experts available around the clock at 800-730-2563.
I Won't Back Down. " I Won't Back Down " is a song by American rock musician Tom Petty. It was released in April 1989 as the lead single from his first solo album, Full Moon Fever. The song was co-written by Petty and Jeff Lynne, his writing partner for the album.