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Petty Cash

What is Petty Cash?

A small fund of cash for transactions to insignificant to pay by regular means.

For example paying for the milk, newspapers etc. is best done by cash. A large grocery shop, including milk and newpapers, could be paid via a normal cheque or electronic transfer.

 

You may also consider petty cash as pocket money for free spending.

 

Petty Cash

 

Further Reading

Petty Cash (wikipedia)