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What is a petty cash disbursement, and why is an account charged for it?

April 26, 2017account cash charged disbursement Petty

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What is a petty cash disbursement, and why is an account charged for it?

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A petty cash disbursement is money given to a student from his/her account. This normally does not exceed $10.00, although exceptions are occasionally made for emergencies. As in a bank statement, if there is a credit on an account and it is withdrawn, it is shown as a debit. The credit and debit cancel each other out.