what all expenses we can meet through petty cash. can fuel charges to car pay from petty cash?
mohammed asharaf (accountant) (71 Points)
03 March 2010what all expenses we can meet through petty cash. can fuel charges to car pay from petty cash?
Vivek Angrish
(Manager Finance & Accounts)
(232 Points)
Replied 04 March 2010
Yes, you can pay the fuel charges for car from your petty cash expenses, as petty cash expense is meant for meeting the day to day expenses of the organization.
CA Uday Bhan
(Manager Internal Audit)
(49 Points)
Replied 04 March 2010
Hi, mohammed asharaf,
The basic purpose of maintaning Patty cash book is to met daily tiny expenses. It not depends upon nature of expenses and size of expenses.
-Uday
| Originally posted by : mohammed asharaf | ||
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what all expenses we can meet through petty cash. can fuel charges to car pay from petty cash? |
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CAclubindia
