petty cash

July 1, 2006 12:22am CST
what is meant by petty cash and how is it used in an organisation
1 response
imnutz
@imnutz (288)
• United States
1 Jul 06
Petty cash is cash that is kept on site (not in the bank) for use on smaller items. Many companies will keep this cash on site in case they need something from a local store or need to reimburse an employee for a small expense. Does that help?