Question

What is a petty cash receipt? Who should sign it?

Short answer

Answer

A petty cash receipt is used to report cash payments from the petty cash box. It is endorsed by the custodian and preferably additionally by the cash recipient.

Step-by-step solution

Step-by-Step SolutionStep 1: Meaning of Petty Cash Receipt

A petty cash receipt is an archive expressing that a payment has been produced using petty cash. The petty cash custodian finishes up the structure, recording the justification behind a petty cash payment and how much the payment is, and the date.

Signature on petty cash receipt

The person who got the payment and approved the payment both signed the receipt.