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Who should be responsible for petty cash in a large company?

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Question added by Farhad Ali , Accountant , AL Aaly holding
Date Posted: 2013/07/06
Joey Lustre
by Joey Lustre , Logistics Coordinator , McDermott Middle East Inc.

Petty cash officer / Cashier / Petty cash custodian

manaf almas
by manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

petty cashier or accountant

mukkur srinivasan varadhan
by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

Prime responsibility for  petty cash rests with the cashier or the person entrusted with the responsibility of handling the pettyy cash.In case of misdeeds and mistakes, the additional  responsibility of checking will fall on the superior for negligence.

Usman Masood
by Usman Masood , Chief Financial Officer , Siddiqi Group

It depends on the complexity of organisation. If it has multiple offices and plants etc, then accountant and operational managers can be responsible for handling petty cash imprest system.

MOHAMMED ISTHIAQ
by MOHAMMED ISTHIAQ , Accountant cum internal Auditor for south region , Mahindra first choice services limited

Yes, Accountant is a responsible person for petty cash in a large Organisation.

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