Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Petty cash is an expense?

True or false

Accounting
user-image
Question added by SREEDEVI SUNILKUMAR
Date Posted: 2014/04/14
Upvote (3) Views (3) Followers (3) Answers (3) Report Question
Write an Answer
Register now or log in to answer.
BASSEM MONIR
by BASSEM MONIR , senior sales , Travco Middle east trade (TIFFANY & Co.)

my answar is false because petty cash is The custody of financial for bussiness' expenses  

Mujtaba Hussain
by Mujtaba Hussain , Accounts officer , Miraj Entertaiments

False because petty cash itself is not an enpense but it is utilised to bear routine expenses

Ahmad Alhusainy
by Ahmad Alhusainy , Customer Service , National Bank Of Kuwait - Nbk

false, it doesn't go on any of expenses for fixed or variable cost.

Write Your Answer
More Questions Like This