A petty cash fund should be replenished

Name: A petty cash fund should be replenished
Brand: Quizplus
Rating: 5.0 (54 reviews)

Question

Quizplus · Accepted Answer

Petty cash funds are typically replenished at the end of every accounting period to ensure that the fund is restored to its original amount and all expenses paid out of the fund are properly recorded in the company's financial records. This practice helps maintain accurate accounting records and ensures that the fund is ready for the next period's minor expenses.

A Petty Cash Fund Should Be Replenished