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Anonymous Posted 12 years ago
Vocabulary

What does the followng sentence mean

Charge it to petty cash.
  

Top answer

Many businesses have a "hidden" fund of money, often kept in the drawer of the secretary that can be used by someone in charge for personals or for emergencies. This is called 'petty cash', probably related to the French word petit , meaning little or insignificant. The money does not belong to any item in the budget.

— Philip

  • Many businesses have a "hidden" fund of money, often kept in the drawer of the secretary that can be used by someone in charge for personals or for emergencies.
  • This is called 'petty cash', probably related to the French word petit , meaning little or insignificant.
  • The money does not belong to any item in the budget.
  • In my retirees office, petty cash is used to pay for emergency postal expenses.
  • It could also be used to pay for lunch for a visiting dignitary.
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3 Answers
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Many businesses have a "hidden" fund of money, often kept in the drawer of the secretary that can be used by someone in charge for personals or for emergencies. This is called 'petty cash', probably related to the French word petit, meaning little or insignificant. The money does not belong to any item in the budget. In my retirees office, petty cash is used to pay for emergency postal e
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Anonymous Charge it to petty cash.
In accounting it means: Credit the "Petty Cash Account", meaning that money is removed from that account. (And debit some other account, e.g., Office Supplies, meaning that's what you used the cash for.)

Petty cash is small amounts of loose cash (bills, coins) kept in some convenient place for minor purchases.
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