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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.
The Impossible Trinity or "The Trilemma", in which two policy positions are possible. If a nation were to adopt position a, for example, then it would maintain a fixed exchange rate and allow free capital flows, the consequence of which would be loss of monetary sovereignty.
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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] ...
After a short introductory paragraph, 'Petty's place in the history of economic theory' holds 5 chapters. The first chapter contains a short biography of Petty, and a general description of the economic writings, in which Hull makes a division in three (or four) groups, relating to distinct periods in Petty's life, and to books with "a common provocation and common characteristics": [5]
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 ...
Petty's simple £100-through-100-hands multiplier was refined by Keynes and incorporated into his model. Some consider Petty's achievements a matter of good fortune. Petty was a music professor before being apprenticed to the brilliant Thomas Hobbes. He arrived upon his laissez-faire view of economics at a time of great opportunity and growth ...