petty cash meaning
ENWPetty cash
- Petty cash is a small amount of discretionary funds in the form of cash used for expenditures where it is not sensible to make any disbursement by cheque, because of the inconvenience and costs of writing, signing, and then cashing the cheque.
- The most common way of accounting for petty cash expenditures is to use the imprest system. The initial fund would be created by issuing a cheque for the desired amount.
- As expenditures are made, the custodian of the fund will reimburse employees and receive a petty cash voucher with a receipt/invoice attached in return.
- Noun
Definition of petty cash in English Dictionary
- Part-of-Speech Hierarchy
- Nouns
- Singularia tantum
- Uncountable nouns
- Uncountable nouns
- Singularia tantum
- Nouns
Source: Wiktionary
Grammatically, this idiom "petty cash" is a noun, more specifically, a singularia tantum.