What is a petty cash slip used for?

A petty cash slip is primarily used to document payments made from the petty cash fund. This slip serves as a record to indicate that a specific amount was taken from the petty cash for a particular expense, facilitating future tracking and reconciliation of the fund. By recording these transactions, businesses can maintain accurate financial records, ensuring that the petty cash is managed properly and that the uses of cash are well-documented.

In this context, the other choices represent different financial processes. Requesting reimbursement for expenses relates to a different process where employees seek to recover costs incurred on behalf of the company. Recording checks issued to employees pertains to payroll or expense payments, which involves formal banking transactions. Tracking credit card transactions involves documenting expenditures made with a corporate credit card, which is separate from petty cash management. These distinct processes highlight why the documentation of petty cash expenditures is essential and why the petty cash slip is focused specifically on that purpose.