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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 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.
Both words, 'kaasu' and 'cash', have the same meaning, unlike money box. The currency at the company's Bombay and Bengal administrative regions was the rupee. At Madras, however, the company's accounts were reckoned in pagodas, fractions, fanams, faluce and cash. This system was maintained until 1818 when the rupee was adopted as the unit of ...
Master chief petty officer (MCPO) is the ninth (just below the rank of MCPON) enlisted rank (with pay grade E-9) in the United States Navy and United States Coast Guard, just above Senior Chief Petty Officer (SCPO). Master chief petty officers are addressed as "Master Chief (last name)" in colloquial contexts.
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The dual impact of cash book occurs due to the presence of two sides (entities): Debit and credit. Cash account is the combination of cash receipts journal and cash payment journal and hence called as "cash receipts and payment journal". Receipt and payment voucher are the source documents of cash book. Receipt is an evidence to the cash ...
In Ancient Greece and the Roman Empire, copper coins were used for small transactions and were issued a monetary value greater than the value of the metal itself. [3] This established the principle of token money, which is the nature of coinage in contemporary society. [3]
In China, cash - not to be confused with the type of copper coin - refers to a unit used for centuries for copper coinage and banknote equivalents known as wén (文). Being the first country to implement paper based currency, in 1023 the 交子 paper money currency occur to adapt the economical climate change of globalization brought by fair trade via Silk Road, although metal coins were ...