The size of the petty cash fund is dependent on

Name: The size of the petty cash fund is dependent on
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The size of the petty cash fund should be based on the anticipated disbursements for a three- to four-week period. This ensures that there is enough cash on hand to cover small and immediate expenses without having too much cash sitting idle. The wishes of the custodian or the size of the regular cash account are not relevant factors in determining the size of the petty cash fund.

The Size of the Petty Cash Fund Is Dependent on