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A petty cash imprest system is a method of managing small cash expenses in a business or organization. Under this system, a fixed amount of cash is set aside in a petty cash fund, which is used to pay for small and infrequent expenses like office supplies or postage.
Oversight of petty cash [3] is important because of the potential for abuse. Examples of petty cash controls include a limit on disbursements and monthly audits by someone other than the custodian. [4] Use of petty cash is sufficiently widespread that vouchers for use in reimbursement are available at any office supply store.
A revolving fund is a fund or account that remains available to finance an organization's continuing operations without any fiscal year limitation, because the organization replenishes the fund by repaying money used from the account.
The Royal Australian Navy replenishment vessel HMAS Success conducting a double underway replenishment with USS Kitty Hawk and USS Cowpens, 2005. The alongside connected replenishment (CONREP) is a standard method of transferring liquids such as fuel and fresh water, along with ammunition and break bulk goods.
Cash-in-transit (CIT) or cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another. The locations include cash centers and bank branches, ATM points, bureaux de change , large retailers and other premises holding large amounts of cash, such as ticket vending ...
Replenishment oiler, a naval auxiliary ship that can conduct underway replenishment on the high seas; Underway replenishment, a method of transferring fuel, munitions, and stores from one ship to another while under way; Vertical replenishment, a method of supplying seaborne vessels by helicopter
In theory, this meant that commercial banks could retain zero reserves. The average cash reserve ratio across the entire United Kingdom banking system, though, was higher during that period, at about 0.15% as of 1999. [10] From 1971 to 1980, the commercial banks all agreed to a reserve ratio of 1.5%. In 1981 this requirement was abolished. [10]
Check Into Cash is a financial services retailer with more than 1,100 stores in 30 states. [ 1 ] [ 2 ] The company was founded in 1993 by W. Allan Jones in Cleveland, Tennessee , where the headquarters are located today.