A Literature Study on Access of Petty Cash in Financial Crisis Private Sector

Abstract

Study presented here is a qualitative research based on the exploration of conceptual base of the study concentrating on the importance of petty cash in the business when it comes to private sector companies. The specific study is done Kurdistan region where the ISIS crisis has affected the business. Public sector companies are well equipped to take care of their activities by the support of government but private parties are facing many challenges as the financial crisis has effected banks and financial institutions as well. Here for the support of literature a company has been taken for study as the sample for understanding of the reality as stated by the literature. This study has the good combination of theoretical base with the practical understanding of the application. The study concludes as the companies and organization should making the cash as more of the percentage of the financial transition because of  the access of petty cash has power and actions for companies finance situation and to better finance situation. The companies and private sector organization should make the cash flow statement with correct amount implementation to be positive points for fixing the financial crisis. The companies and private sector organization should making the sales by cash amount opposite that the loan (accounts payable) way.

Keywords: Petty cash, crisis, finance, private company, investment

DOI: 10.7176/RJFA/10-10-02

Publication date:May 31^st 2019