A petty cash fund is established by making a check payable to Petty Cash, cashing the check, and placing the funds in the cash register.

Name: A petty cash fund is established by making a check payable to Petty Cash, cashing the check, and placing the funds in the cash register.
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Question

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While a petty cash fund is established by making a check payable to Petty Cash, the funds are typically placed in a separate petty cash box or drawer, not the main cash register.

A Petty Cash Fund Is Established by Making a Check