Search results
- DictionaryPet·ty cash/ˌpedē ˈkaSH/
noun
- 1. an accessible store of money kept by an organization for expenditure on small items: "I took the money out of the petty cash and paid her"
Powered by Oxford Languages
Jun 28, 2024 · Petty cash is a small amount of cash that is kept on a business or company's premises to pay for minor expenses and needs—usually, no more than a...
Jul 30, 2022 · Petty cash refers to the money a business keeps handy to cover minor miscellaneous expenses. Learn how the petty cash imprest system works and some of its uses.
Oct 16, 2023 · : cash kept on hand for payment of minor items. Examples of petty cash in a Sentence. Recent Examples on the Web Yes, there’s a bit of petty cash filtering in here and there for their little projects. Heidi Blake, The New Yorker, 16 Oct. 2023 Yet the money, little more than petty cash for Meta, matters less than the message.
Jul 26, 2022 · Petty cash is a small amount of cash a company keeps on hand to cover small expenses. It is also known as a petty cash fund. This money is used for minor or incidental expenses. Companies sometimes do this to avoid using a credit card or writing a check.
Definition of Petty Cash. Petty cash or a petty cash fund is a small amount of money available for paying small expenses without writing a check. Petty Cash is also the title of the general ledger current asset account that reports the amount of the company’s petty cash.
Mar 12, 2024 · Petty cash is a small amount of discretionary cash that a business will keep afloat in the office. It’s to cover ad-hoc expenses that would be inconvenient to write a cheque for. Cue last-minute meeting sandwiches when a big client comes to town.
Petty cash is simply any physical cash your business keeps on hand to pay for small, unplanned expenses. Most businesses won’t keep more than a few hundred dollars in petty cash around. They’ll usually keep it in a lockbox or a cash register, and will have some kind of system in place to make sure none of it gets lost.
PETTY CASH meaning: 1. a small amount of money kept in an office for buying small things that are needed: 2. a small…. Learn more.
Petty cash is a small amount of discretionary funds in the form of cash used for minor expenditures. The most common way of accounting for petty cash expenditures is to use the imprest system. Audit controls. Oversight of petty cash is important because of the potential for abuse.
Nov 19, 2022 · Petty cash is a small amount of money kept on hand for small purchases or expenses. It is typically kept in a locked box or other secure location and is often used to pay for minor office supplies, postage, or travel expenses. Typically, a petty cash fund is established and then a custodian is assigned to manage it.
Petty cash is a store of money that is easily accessible, i.e., in the form of cash, that companies and other organizations keep for expenditure on miscellaneous and small items.
Definition: Petty cash is the small amount of cash that is kept on hand by a company to pay for minor, inexpensive purchases during the normal course of operations. Petty cash is often used to pay for postage, small office supplies, and other small purchases.
Petty cash definition: a cash fund for paying small charges, as for minor office supplies or deliveries.. See examples of PETTY CASH used in a sentence.
Oct 1, 2019 · What is Petty Cash? Petty cash is money kept on-hand, generally, by businesses for making change for clients and to cover minor costs.
Definition of petty cash noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
PETTY CASH definition: 1. a small amount of money kept in an office for buying small things that are needed: 2. a small…. Learn more.
Petty cash is money that is kept in the office of a company, for making small payments in cash when necessary. Staff refreshments for sales meetings are generally paid for from petty cash. Companies normally maintain a petty cash fund to pay for small, miscellaneous expenditures.
Jul 1, 2024 · What is petty cash? Petty cash, as the name suggests, is a small amount stored in office boxes or drawers to be used to pay for small expenses, including employee meals and snacks. It is the best mode of payment in situations in which paying by check seems an insensible option.
Jun 24, 2022 · Petty cash is a convenient way to cover expenses too small to pay for with a business check. Setting up a petty cash fund allows companies to maintain control and account for their expenses with minimal cost and administrative hassle.
Jun 11, 2022 · Petty cash, or the petty cash fund or imprest cash, as the name suggests, is the fund to meet petty business expenses. It is the fund or cash that a business keeps in hand to pay for small expenses, such as postage due, reimbursement, office supplies, food or drinks, etc.
n. (Commerce) a small cash fund kept on a firm's premises for the payment of minor incidental expenses. Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014. pet′ty cash′. n.
Petty cash is money that is kept in the office of a company, for making small payments in cash when necessary. [business] After having her expense claims overruled, she took the money from petty cash. Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers. You may also like. English Quiz. Confusables. Language Lover's.
4 days ago · July 18, 2024. Bob Newhart, who burst onto the comedy scene in 1960 working a stammering Everyman character not unlike himself, then rode essentially that same character through a long, busy ...
noun. a cash fund for paying small charges, as for minor office supplies or deliveries. petty cash. noun. a small cash fund kept on a firm's premises for the payment of minor incidental expenses. Discover More. Word History and Origins. Origin of petty cash 1. First recorded in 1825–35. # aa. bb. cc. dd. ee. ff. gg. hh. ii. jj. kk. ll. mm. nn. oo.
