Avoiding uneconomical or uneconomical payments for relatively small and sudden expenses.Handles the problem of office supplies/supplies experienced by a part of the office.There are several goals for the establishment of petty cash, they are : For example, it will be complicated if people have to follow long procedures to get the money for routine office supplies like papers, markers and printer inks where they need those supplies immediately. It is needed to fund small nominal transactions that routinely occur. And each company sets different nominal amounts according to the company's policy and operational scale. It has a threshold which follow company's financial policy. The main characteristic of petty cash is in its nominal amount. Petty cash is the company's reserved money for the payment of routine expenses with small nominal amount.
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