Current Asset Cash: Petty Cash Account

The petty cash account is used to make small purchases. It is part of a company's cash balance. This video shows the creation and replenishment of petty cash.
@ProfAlldredge
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[Crash]

My professor struggles to get this stuff across in an almost 2 hour lecture. All of these videos are so helpful.

[KeertikaBilwani-hj]

Thank you for simplifying a hard concept into a simple and interesting one!

[BoshBerry]

These videos are wonderful. Short and to the point. Thank you so much.

[godson]

Thank you for the clarity of what is explained in my textbook professor. Great video sir.

[clau]

Thank you so much! My professor only speaks in general terms, not so detailed and concise as you, so I really appreciate your video!

[nicholi]

This sort of reminds me of the Head Cashiers Cash drawer. A specific amount is given from the vault in the morning and then the head cashier can give increases through the day when us vault people are not there, we leave a lot earlier than the store being closed.

[Jason-os]

Cheer~~~an accessible store of money kept by an organization for expenditure on small items.😊

[ube-s]

Thank you very much. How do you reconcile these, Postage 24, Shipping 28, Supplies 14, Misce/Expenses 20 to the Bank Statement? How does the bank statement show these 4 Expenses?

[MrSamlavin]

Hi Professor you explained well and easy to understand. Hope you also have a tutorial of xero and quickbooks. Thank you I am following your discussions online. Merc Lavina

[claralouise]

This is a good explanation, but I still don’t get it 😩

[maxqu]

At lease my professor provided a link to this video in his PPT.

[rosaliablanco]

The petty cash custodian will not pay for the cash shortage?

[sohaibahmed]

So where did $14 come from was it supplies that was paid in cash?

[kingjeremysircornwell]

I put my gold in the toilet, I think there should be a gauge, I'm processing and not getting payed???

[godbewithme]

know the game is gonna keep short. Give you 100 and chip it.