What is Petty Cash?

The custodian should be the only person with physical access to funds Petty cash should be maintained on an imprest basis, which means that the amount of the

Imprest An account into which a fixed amount of money or cash equivalent is placed for the purpose of making change or minor disbursements Imprest is used

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 Petty cash refers to the notion that every business needs cash on a regular basis to pay for such things as office supplies, mail services,