Petty cash

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Petty cash fund (hereinafter, the Fund) is fund or source that allows payment of small amounts without the writing of checks. In physical form, the Fund can be alternatively known as petty cash box. In electronic form, the Fund can be alternatively known as petty cash card.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Petty cash fund. Fund (source) that allows payment of small amounts without the writing of checks.

Related concepts

Related coursework