Payments from the petty cash fund should not be made without obtaining some sort of receipt in return.

Question

Quizplus · Accepted Answer

Obtaining a receipt when making payments from the petty cash fund is essential to maintain proper record keeping and accountability of the fund. It helps to reconcile the expenses and ensure that the funds are being used appropriately. Therefore, payments from the petty cash fund should not be made without obtaining some sort of receipt in return.

Payments from the Petty Cash Fund Should Not Be Made