What should Petty Cash funds be used for?

website paticash Petty cash may only be used for university business expenses and must meet every test applied to purchases made through the more formal process It cannot be paticash Petty Cash Accounting

paticash Replenish a Petty Cash Fund Petty Cash should be replenished when cash is nearly expended, allowing sufficient time for processing a reimbursement request,  Petty cash is a current asset and should be listed as a debit on the balance sheet When first funding a petty cash account, the accountant  Typically, petty cash is locked in a small box and is replenished frequently to ensure cash is available for any urgent purchases In most cases this is for

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