A Petty Cash Fund Should Be Replenished

question 217

Multiple Choice

A petty cash fund should be replenished

• A) every day.
• B) at the end of every accounting period.
• C) once a year.
• D) as soon as an expense is paid from the fund.

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Definitions:

Indifference Curves

Graphical representations in economics showing different combinations of goods that give a consumer equal satisfaction and utility.

Affordable

Describes something that is reasonably priced, or within one's financial means.

Income Earns

The compensation received by an individual or generated by an entity in exchange for labor or services or as earnings from investments.

Afford

The financial capacity to purchase something, indicating that the cost does not exceed the buyer’s purchasing power or budget constraints.