The Petty Cash account is used to pay for small items such as postage stamps and supplies.

Name: The Petty Cash account is used to pay for small items such as postage stamps and supplies.
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Question

Quizplus · Accepted Answer

The Petty Cash account is a small fund kept on hand for making immediate payments for miscellaneous small expenses, such as postage stamps and office supplies, to avoid the inefficiencies of writing checks for small amounts.

The Petty Cash Account Is Used to Pay for Small