WebOfficial tennis player profile of Pat Cash on the ATP Tour. Featuring news, bio, rankings, playing activity, coach, stats, win-loss, points breakdown, videos, and more. Petty cash provides convenience for small transactions for which issuing a check or a corporate credit card is unreasonable or unacceptable. The small amount of cash that a company considers petty will vary, with many companies keeping between $100 and $500 as a petty cash fund. Examples of transactions … See more A petty cash fund is a small amount of company cash, often kept on hand (e.g., in a locked drawer or box), to pay for minor or incidental expenses, such as office supplies or employee … See more The use of a petty cash fund can circumvent certain internal controls. However, the availability of petty cash doesn't mean that it can be accessed for any purpose by any … See more The petty cash fund is reconciled periodically to verify that the balance of the fund is correct. Typically, as the petty cash balance falls to a … See more When a petty cash fund is in use, petty cash transactions are still recorded on financial statements. No accounting journal entries are … See more
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