Petty Cash and Other Revolving Funds

website paticash A revolving fund account is established by the legislative body for specific amounts and uses As paticash In the fixed petty cash system, the chief cashier offers a fixed amount of money for a specified period to the petty cash cashier After

paticash The purpose of a petty cash fund is to provide business units with sufficient cash to cover minor expenditures The intent is to simplify the reimbursement  Custodian Responsibilities · Ensure that appropriate receipts are obtained to support all disbursements · Ensure that the expenditure is appropriate in nature  In the fixed petty cash system, the chief cashier offers a fixed amount of money for a specified period to the petty cash cashier After

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