The total of cash in the petty cash box plus the amount of the petty cash ticket receipts should total the beginning amount of the petty cash fund.

Name: The total of cash in the petty cash box plus the amount of the petty cash ticket receipts should total the beginning amount of the petty cash fund.
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Question

Quizplus · Accepted Answer

This is true as the petty cash fund is meant to be a set amount, and the total of cash in the box and the receipts should match this fund to ensure that all money spent from the fund is accounted for.

The Total of Cash in the Petty Cash Box Plus