Is it for postage, purchase orders, utilities, and salaries?
2007-02-05 02:58:21 · 4 answers · asked by Jameka b 1 in Business & Finance ➔ Other - Business & Finance
little expenses that need to be paid cash, it is not to be used to pay salaries,utilities, and purchase orders. those need to be paid by check
2007-02-05 03:06:41 · answer #1 · answered by sammy 5 · 0⤊ 0⤋
Petty cash is used for small, incidental expenses. It is not generally used for regular recurring items like salaries, utilities, rents and such. These are budgeted items that are paid out of a specific budget line in order to better track them.
2007-02-05 03:07:51 · answer #2 · answered by fangtaiyang 7 · 0⤊ 0⤋
Petty cash is generally used for any small expense that a business may encounter (pizza party, birthday present, or anything else that may be considered 'needed' that costs under $50).
2007-02-05 03:03:21 · answer #3 · answered by Blicka 4 · 0⤊ 0⤋
where i used to work it was for small non budgeted things, but still had to get receipts
2007-02-05 03:10:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋