Petty cash
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
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
