Petty Cash
System
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Hello
Please can I have some clarification about petty cash.
What has happened is that a temporary increase was given for the imprest amount it was like a loan. This is showing up as a credit in 06/07.
The above loan was paid back as a cheque in 07/08 and is showing as a debit in 07/08.
Are the debits and credits correct?
Thanks
Rani
Please can I have some clarification about petty cash.
What has happened is that a temporary increase was given for the imprest amount it was like a loan. This is showing up as a credit in 06/07.
The above loan was paid back as a cheque in 07/08 and is showing as a debit in 07/08.
Are the debits and credits correct?
Thanks
Rani
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