Copyright © Philip M. Parker, INSEAD. Terms of Use.
Definition: Petty Cash |
Petty CashNoun1. A small fund of cash that a firm keeps for the payment of incidental expenses. Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved. |
| Domain | Definition |
Business | Cash on hand to pay small amounts. Source: European Union. (references) |
Source: compiled by the editor from various references; see credits. | |
(From Wikipedia, the free Encyclopedia)
The most common way of accounting for these expenditures is to use the imprest method. The initial fund would be created by issuing a check for the desired amount. Usually $100 would be sufficient for most business needs. The entry for this initial fund would be to debit Petty Cash and credit cash.
As expenditures are made the custodian of the fund will reimburse employees and secure a petty cash voucher in return. At any given time the total of cash on hand plus reimbursed vouchers must equal $100.
When the fund gets low the custodion submits the vouchers for reimbursement and assuming that $80 is needed a check for $80 is issued and if all expenditures were for office expenses the debit would be to office expenses not to petty cash and the fund would be intact at $100.
Control of petty cash is important because the potemtial for abuse is always present. A limit on disbursements should be set. Usually any expenditure over 10% {in this case $10) of the fund should be paid by check. Peridic audits by a person other than the custodian should be made monthly. Vouchers for use in reimbursement are available at any office supply store and should be used.
Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Petty cash."
| Context | Synonyms within Context (source: adapted from Roget's Thesaurus). |
Money | Petty cash, pocket money, change, small change, small coin, doit, stiver, rap, mite, farthing, sou, penny, shilling, tester, groat, guinea; rouleau; wampum; good sum, round sum, lump sum; power of money, plum, lac of rupees. |
| Source: adapted from Roget's Thesaurus. | |
Crosswords: Petty Cash |
| Specialty definitions using "petty cash": imprest fund ♦ journal voucher. (references) |
| Domain | Usage | |
Screenplays | Um, this magnificent feast represents the last of the petty cash. (Ghost Busters; writing credit: Dan Aykroyd; Harold Ramis) We've got loads in petty cash. (Press Gang; writing credit: Steven Moffat) | |
Source: compiled by the editor from various references; see credits. | ||
| Subject | Topic | Quote |
Economic History | Uzbekistan | Even small purchases, such as office supplies, must be paid for by bank transfer; use of petty cash is not allowed. (references) |
Argentina | Public service contracts, petty cash purchases, contracts with foreign States, contracts with international public law institutions or multilateral credit organizations do not fall under these categories. (references) | |
Argentina | Contracts under $10,000 pesos undergo a simplified process and are considered petty cash expenses. (references) | |
Source: compiled by the editor from ICON Group International, Inc.; see credits. | ||
Expressions using "petty cash": petty cash book ♦ petty cash fund. Additional references. | |
| Source: compiled by the editor from various references; see credits. |
| The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com. |
| Expression | Frequency per Day |
petty cash | 36 |
petty cash form | 19 |
petty cash receipt | 3 |
petty cash envelope | 2 |
| Source: compiled by the editor from various references; see credits. | |
| Language | Translations for "petty cash"; alternative meanings/domain in parentheses. | ||||||||||||||||||||||||||||||||||||||||||||||
Albanian | të vogla (change, small change, specie). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Arabic | مبلغ صغير. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Bulgarian | дребни разходи, дребни приходи, дребни пари (change, silver, small change). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Czech | drobné výdaje, drobné příjmy, drobná hotovost (float). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Danish | lille kasse (petty cash fund), bikasse (petty cash fund). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Dutch | kleine kas (petty cash fund). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Finnish | käteiskassa (petty cash fund). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
French | petite caisse (petty cash fund). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
German | portokasse, Nebenkasse (petty cash fund), Handkasse (petty cash fund). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Greek | μικρό ταμείο (petty cash fund). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Hebrew | קופ" קט ", "וצאות קט ות (pin money). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Hungarian | készpénzkassza, kiskassza, kis összegek. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Italian | piccola cassa (petty cash fund). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Japanese Kanji | 小口現金 . (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Japanese Katakana | "ぐち'"き". (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Manx | myn-argid (change, change money, loose cash, small change). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Pig Latin | ettypay ashcay caixa pequena (small tom-tom). (various references) cheltuieli mãrunte (out-of-pocket expenses, petties, petty expenses). (various references) мелкие суммы. (various references) novac za sitne troškove. (various references) dinero para gastos menores, caja de gastos menores. (various references) småposter, handkassa (petty cash fund). (various references) masraf kasası, küçük kasa. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
Scrabble® Enable2K-Verified Anagrams | |
| Words within the letters "a-c-e-h-p-s-t-t-y" | |
-1 letter: scyphate, typecast. | |
-2 letters: hepcats, patches, testacy. | |
-3 letters: aptest, aspect, chapes, chaste, chatty, cheaps, cheats, chesty, epacts, hepcat, patchy, peachy, psyche, sachet, scathe, scatty, scythe, spacey, spathe, stacte, taches, tetchy, thetas, tythes, yachts. | |
-4 letters: aches, capes, caphs, caste, cates, catty, cesta, chape, chaps, chapt, chase, chats, chays, cheap, cheat, chest, epact, ephas, haets, haste, hasty. | |
| Words containing the letters "a-c-e-h-p-s-t-t-y" | |
+2 letters: hepatocytes, hyperstatic, sympathetic. | |
+3 letters: hypothecates, sympathetics. | |
+4 letters: hypothecators, parasynthetic, sympathectomy, tracheophytes, unsympathetic. | |
+5 letters: hyperaesthetic, hypothecations, polytheistical, prosthetically, spermatophytic. | |
| Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro. | |
| 1. Definition 2. Synonyms 3. Crosswords 4. Usage: Modern | 5. Quotations: Non-fiction 6. Expressions 7. Expressions: Internet 8. Translations: Modern | 9. Anagrams 10. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
