Petty cash is being phased out in favor of:

Name: Petty cash is being phased out in favor of:
Brand: Quizplus
Rating: 5.0 (51 reviews)

Question

Quizplus · Accepted Answer

Petty cash is being phased out in favor of P-cards or purchasing cards. These are credit or debit cards assigned to employees for specific purchasing needs, such as office supplies or travel expenses. P-cards allow for better tracking and control of expenses compared to petty cash, and also eliminate the need for employees to use their personal funds for business expenses.

Petty Cash Is Being Phased Out in Favor Of