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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.
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Near money or quasi-money consists of highly liquid assets which are not cash but can easily be converted into cash. Examples of near money include: Savings accounts; Money market funds; Bank time deposits (certificates of deposit) Government treasury securities (such as T-bills) Bonds near their redemption date
The auditors were paid by fees. This made the offices extremely profitable. [2] In 1703, the office had a salary of £300, but the fees were worth at least £700 more. [3] ...
A number of studies have found merit in Greenblatt's "magic investing formula" in various markets around the world. However, the studies have also often noted increased volatility, short-term underperformance and other potential risks.
The Economic Writings of Sir William Petty is a book with texts, written by William Petty (1623-1687), and published in 1899 by Charles Henry Hull (1864-1936), in two volumes. The Economic Writings were published together with an introduction about the life and work of William Petty , and did also contain Natural and Political Observations upon ...
For income-producing real estate, the NOI is the net income of the real estate (but not the business interest) plus any interest expense and non-cash items (e.g. -- depreciation) minus a reserve for replacement. The CAP rate may be determined in one of several ways, including market extraction, band-of-investments, or a built-up method.