Petty Cash Record Sheet. Learn how to balance petty cash in a petty cash fund will undergo periodic reconciliations, with transactions also recorded on the financial statements. In larger corporations, each department.
Currency set aside for making small payments.
Petty cash accounting involves establishing a petty cash policy, setting up a petty cash log, creating journal entries, and reconciling the petty cash account. Petty cash book is a type of cash book that is used to record minor regular expenditures such as office teas, bus fares, fuel, newspapers, cleaning, pins, and causal labor etc. The petty cash reconciliation sheet and receipts are the backup for the petty cash replenishment check. Here is the reason why you should download these templates
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