Wikipedia Easy Search

Bookkeeping
Key concepts
Daybooks Double-entry General ledger T Accounts Trial balance Journal Debits and credits Chart of accounts Petty cash Imprest system Bank reconciliation Ledger Single-entry Bookkeeper Assets Liabilities Equity Income Expenses Depreciation Accruals Prepayments VAT/GST
Financial statements
Balance sheet Income statement
Related professions
Accountant Accounting technician Accounts clerk
v t e

Petty cash is a small amount of discretionary funds in the form of cash used for minor expenditures.^[1]

The most common way of accounting for petty cash expenditures is to use the imprest system.^[2]

^ P. Hosein (29 July 1988). Principles of Accounts (Cxc). Heinemann. p. 92. ISBN 978-0-435-98309-3.
^ Alan Trenerry (1999). Principles of Internal Control. UNSW Press. pp. 125–. ISBN 978-0-86840-401-1.