Petty cash
Petty cash (alternatively known as 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 represent a petty cash box. In electronic form, the Fund can represent a 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.
