Petty cash may be used for small dollar reimbursements to employees ... recorded on the Log to prepare the journal entry to record the expenses in the General Ledger. A surprise cash count should be ...

The Federal Accounting Standards Board develops the generally accepted accounting principles, or GAAP, which are accepted and used universally by certified public accountants. Businesses use the ...

The request will indicate the general ledger account where the expenses for each receipt are to be charged. As a best practice, a standard format should be used for the petty cash replenishment ...

The petty cash receipts are logged into the company's General Ledger as credits to the petty cash account, and probably debits to several different expense accounts. When the petty fund is ...