LESSON 10 - PETTY CASH JOURNAL
In this lesson you will:

• Understand the differences between petty cash and the cash float
• Learn that the amount of money in each is dependant on the nature of the business and the product range marketed
• Know that petty cash funds and cash float are kept separately
• Learn how the petty cash journal is used
• Learn that the petty cash and cash floats are assets
• Know that the imprest system is the amount of petty cash required and decided on for each month