Chapter 11 Keywords Flashcards
1
Q
Impress Amount
A
The amount to which the petty cash float is topped up at the end of a period of time
2
Q
Imprest System
A
A petty cash system whereby the petty cash box is always topped up to the same amount at the end of each week or month
3
Q
Petty Cash Book
A
The book of prime entry used to record the petty cash vouches and any money paid into the petty cash box
4
Q
Petty Cash Float
A
The amount of cash held in the petty cash box at any one time
5
Q
Petty Cash Voucher
A
The document that must be completed and authorised before any cash can be paid out to an employee from the petty cash box
