Petty Cash: What It Is; How It’s Used And Accounted For; Examples » YVES BROOKS
Petty Cash also refers to the current asset account in a company’s general ledger, which documents the amount held for small, miscellaneous expenses. Petty cash amounts might range from $30 to $300 and depend on the business. Petty cash—a seemingly simple concept—can become a complex operational headache if not managed effectively. Free Course: Understanding Financial…