Petty cash is considered an asset, not an expenditure. It’s part of the company’s current property over the harmony sheet because it signifies cash readily available. A petty cashier manages the petty cash fund, disburses cash for slight costs, collects vouchers and receipts, and maintains exact transaction information for reconciliations https://cleocash62210.blogsidea.com/42346995/everything-about-petty-cash