The petty cash fund should have just enough cash to make minor expenditures over a reasonable period (such as a week or a month).

Question

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The statement is true. The petty cash fund is meant to cover minor expenses over a reasonable period of time, often a week or a month, so it should only have enough cash to cover those expenses. This helps prevent potential theft or misuse of the funds.

The Petty Cash Fund Should Have Just Enough Cash to Make