Explain why it is important for the petty cash clerk to keep all petty cash vouchers?

Question added by Lucy Charles
Date Posted: 2019/02/11

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by sherly punnoose , General Manger- Finance & Administration , Pars Group

Petty cash Payment is part of the company expense and all the company transaction we must keep the proper voucher for the future checking .

It will help us to check any Malpractice is happens in the Petty cash handling.

An internal auditor in a trust at the time of audit may have to count the cash present in branch.?
Top Answer: Each cash count separately is the ideal way of conducting such an engagement. See More

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What is the importance of petty cash voucher?
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What is meant by petty cash and petty cash limit? why petty cash is created?
Top Answer: For our day to day expenses we can not go to the bank daily. So we create a account in which we can expen ... See More

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What is a petty cash voucher?
Top Answer: A petty cash voucher is usually a small form that is used to document a disbursement (payment) from a pet ... See More

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