(1)
Concept Introduction:
Petty cash fund: The establishment of a petty cash fund requires an estimation of small payments expected to be incurred during a short period usually within a month. A check is drawn by the company cashier for an amount equivalent to the estimation.
The entry to establish the fund.
(2)
Concept Introduction:
Petty cash fund: The establishment of a petty cash fund requires the estimation of small payments expected to be incurred during a short period usually within a month. A check is drawn by the company cashier for an amount equivalent to the estimation.
The entry to reimburse the fund.
(3).
Concept Introduction:
Petty cash fund: The establishment of a petty cash fund requires an estimation of small payments expected to be incurred during a short period usually within a month. A check is drawn by the company cashier for an amount equivalent to the estimation.
The entry to increase the fund.
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FINAN. AND MANAGERIAL ACCT LL W/ ACCESS
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