Chapter 40 - The Petty Cash Book Flashcards

1
Q

What is petty cash?

A

Cash used to pay for small bills in a firm like taxi fares or milk for the office canteen

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2
Q

What is a petty cash box?

A

A locked box in which the petty cash is usually stored

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3
Q

Petty Cashier

A

Person in charge of the petty cash

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4
Q

Imprest

A

Petty cash float at the beginning of a period

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