Petty cash: Guide to petty cash and

Guide to petty cash and its meaning. Here we discuss how does petty cash works along with its format, Accounting, and examples. Learn what petty cash is in accounting in this simple article. Understand the definition of petty cash and explore real world examples of how a petty cash fund is used and accounted for by businesses. Petty cash is cash on hand that is used to pay small expenses. Learn more about petty cash and how to manage it for your business with this guide. As part of the normal process of petty cash management, the petty cashier receives an appropriate amount of money. When the petty cashier spends the amount, he or she submits the account to the head cashier for approval.