What is Petty Cash Log?
A petty cash log is a detailed record of all petty cash transactions that occur within a business. It is used to track the inflow and outflow of small amounts of cash that are kept on hand for minor expenses.
What are the types of Petty Cash Log?
There are two main types of petty cash logs: manual and electronic. Manual petty cash logs involve physically writing down each transaction in a logbook, while electronic petty cash logs are created and maintained using software or online tools.
How to complete Petty Cash Log
Completing a petty cash log is a straightforward process that involves recording every cash transaction accurately. Here are some steps to help you complete a petty cash log:
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