A petty cash fund is a separate checking account used to reimburse employees for expenditures they have made on behalf of the organization.

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A petty cash fund is a system used to reimburse employees for expenditures they have made on behalf of the organization.The company removes cash from its general bank account to hold at its premises in a locked cash box.The petty cash fund is comprised of the contents of that locked box.

A Petty Cash Fund Is a Separate Checking Account Used