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Which Is Not True About Replenishing the Petty Cash Fund

Question 138

Multiple Choice

Which is not true about replenishing the petty cash fund?


A) The company must replenish the fund only when it gets too low.
B) The petty cash custodian initiates the request for reimbursement by sending the petty cash payments record, along with receipts, to an authorized employee who handles cash.
C) The authorized employee examines the receipts to verify that proper payments were made.
D) The authorized employee approves the request and issues a check to restore the fund to the established amount.

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