To replenish the petty cash fund, balance the fund, formally request a check for the amount needed to bring the fund amount back to its beginning balance, and prepare the petty cash report.

Question

Quizplus · Accepted Answer

To replenish the petty cash fund, you must first balance the fund to determine how much money has been spent. Then, you formally request a check for the exact amount needed to bring the fund back to its original balance. Finally, you prepare a petty cash report detailing the expenditures from the fund.

To Replenish the Petty Cash Fund, Balance the Fund, Formally