2006-11-09 08:17:53 · 18 answers · asked by Marcin D 1 in Business & Finance ➔ Careers & Employment
petty cash means a small amount of money... in business/account terms it's usually the money in a safe or cashbox that could be spent at any point but which also needs to be added to the bank balance when calculating your trial balance sheet
2006-11-09 08:21:37 · answer #1 · answered by Sheepy 4 · 0⤊ 0⤋
Petty cash is a small amount of cash kept in an office for "petty" purchases. Some companies keep about $200.00 on hand for emergency office supplies, employee lunches and the like.
2006-11-09 08:22:29 · answer #2 · answered by Loli M 5 · 0⤊ 0⤋
Petty Cash is the term used to describe quite literally a box of cash which is kept as an emergency fund for supplies in a business. Examples of things bought from it would be tea / coffee / stationery (emergency supplies), in fact, anything needed in a hurry.
It's usually kept with a fixed float and is topped up by the Accounts department whenever it's been used.
Hope that helps!
2006-11-09 08:26:45 · answer #3 · answered by kpk 5 · 0⤊ 0⤋
Petty cash is money set aside like in a box and its used for odds and ends things. Like if someone wanted you to mail something they would just pay you the money and you would put it into petty cash.
2006-11-09 08:21:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Petty cash is an accounting term used to describe the small amount of cash kept on hand by a business to cover small expenses: i.e., purchasing small items like stationary, covering small expenses like parking fees or tolls, etc.
In the vernacular, "petty cash" just means a small sum of money.
2006-11-09 08:28:57 · answer #5 · answered by Karin C 6 · 0⤊ 0⤋
It is a small pool of money (originally of real cash, now generally referring to a general fund) that can be used for "petty" things like business lunches, an emergency car rental, buying poster board for a presentation, things like that.
2006-11-09 08:22:10 · answer #6 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋
The petty cash in my old office was just a wee biscuit tin with a few pounds in it and the odd fiver, it was to pay for the wee things like stamps etc
2006-11-09 08:26:22 · answer #7 · answered by Anonymous · 0⤊ 0⤋
money of small importance. Companies have a petty cash budget to allow for payments of small things like tea, coffee, postage etc
2006-11-09 08:20:47 · answer #8 · answered by Anonymous · 0⤊ 0⤋
it means when your caught being petty you have to give up some cash or get a beat down:0)
2006-11-09 08:22:40 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Small cash a company keeps to pay for little things
2006-11-09 08:20:32 · answer #10 · answered by dwh12345 5 · 0⤊ 0⤋