Misdemeanors are less serious than felonies but can still have damaging penalties. Only the US still uses the designation. Petty crimes vary by jurisdiction and can result in fines, community service, and imprisonment. Convictions can limit job and housing options and military enlistment. Some states allow for expungement of certain misdemeanors from criminal records. In […]
Petty theft, also known as petit larceny, is a minor crime that involves stealing property of low value. Different jurisdictions have varying definitions of what constitutes petty theft, but it usually involves thefts under a certain amount of money. Petty theft can include stealing items such as ornaments, purses, wallets, backpacks, and electronics. Petty theft […]
Juries are groups of people who weigh the facts of a case and return a verdict, used as a check on the criminal justice system. Small juries are drawn from a broad cross-section of society and are expected to attend the trial and hear the case as it is presented. They must obey the judge’s […]
Offenses are categorized into classes based on severity, with each class assigned a letter or number. Punishments are limited by the maximum consequences, with judges having varying levels of power to incarcerate or fine offenders based on the severity of the offense. Repeat offenders may receive harsher sentences, and probation is a common punishment for […]
Petty cash is a small amount of money used by employees for incidental expenses below a certain amount, usually around $50 USD. It can be used for office supplies, meals, entertainment, local transportation, and refunds. It requires documentation and is usually managed by a supervising employee. There are limitations and exemptions, and it cannot be […]
A petty cash account is a small fund held within a business for small purchases when using checks or cards would be impractical. It is kept in a safe deposit box and only one or two people have access. Withdrawals and deposits are recorded in a ledger to prevent theft. The account is usually around […]
Petty cash is a small amount of money kept on hand for expenses like office supplies. It’s useful because any employee can use it, but it needs to be tracked carefully to prevent abuse. It should be kept in a safe place and replenished as needed. Most businesses require a small amount of cash on […]
To keep a petty cash register, decide whether to use a written record or computer program, create a record with input columns, record each transaction, and save receipts. Keep track of the balance and decide who has access. Save all receipts, even for small amounts. To keep a petty cash register, you will first need […]
To keep a petty cash register, decide whether to use a written or computer record, create a record with input columns, record transactions, and save receipts. Keep track of the balance and decide who has access. Save receipts for all transactions to prove expenses. To keep a petty cash register, you will first need to […]
