In a petty cash fund,the current cash amount plus the receipts submitted should equal the original fixed amount.

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This is the basic principle of a petty cash fund. The original fixed amount is established to cover small expenses, and the current cash amount plus the receipts submitted should always add up to that original amount. This ensures that there is proper documentation for all expenses and that the fund remains balanced. If the current cash amount plus receipts do not equal the fixed amount, it may indicate that there has been an error or fraud in the handling of the petty cash fund.

In a Petty Cash Fund,the Current Cash Amount Plus the Receipts