Term Definition. Incident Any event that is not part of the standard operation of a service and that causes, or may cause, an. interruption to, or a reduction in, the quality of that service. Incident response The response of an enterprise to a disaster or other significant event that may significantly affect the.
Cash Float Defined. In general, cash float refers to the difference between the cash balance recorded in your accounting system's cash account and the amount of cash showing in your company's bank account balances. Disbursement float occurs when you write a check and the recipient has not yet cashed the check.
Petty cash is a small amount of discretionary funds in the form of cash used for expenditures where it is not sensible to make any disbursement by cheque, because of the inconvenience and costs of writing, signing, and then cashing the cheque.he bookkeeping entry for this initial fund would be to debit Petty Cash and credit bank account. As expenditures are made, the custodian of the fund will reimburse employees and receive a petty cash voucher with a receipt/invoice attached in return.