Which of the following is the most appropriate action when balancing a petty cash account?

Question

Quizplus · Accepted Answer

Balancing a petty cash account involves replenishing the account with an amount equal to that spent. Adding a fixed amount regardless of the actual spending may result in an over or underfunded account. Adding a lump sum at the beginning of each month may also lead to a shortage or surplus, depending on the spending pattern. Therefore, option D is the most appropriate action.

Which of the Following Is the Most Appropriate Action When