Petty Cash: What It Is; How It’s Used And Accounted For; Examples » YVES BROOKS
The currencies inside the lockbox should be equal to the ending balance. Every month, or as cash is needed, the custodian should summarize the petty cash log by expense account and record a journal entry debiting each expense and crediting petty cash. With a petty cash fund in place, you can pay for small expenses…
Leer más
Comentarios recientes