Future Profit - WHS Accounting

The Westwood Schools Introduction to Accounting Course taught by Mrs. Davis.

This is where we will post our daily topics of discussion and invite business leaders to contribute and share with the class as we learn about accounting.

Wednesday, October 11, 2006

PETTY CASH

An amount of cash kept on hand and used for making small payments is called petty cash.
buisnesses usually have some small payments that are not check worthy or cost efficient so they use petty cash. They usually have a different cash fund for it.

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