Question

When should you replenish a petty cash fund?

every week


at the end of the month


when it has reached a certain dollar amount


both b and c

Answer 1

both b and c

Step-by-step explanation:

A Petty Cash Fund is a convenient way of paying for small transactions. It is mostly applied when making payment using other methods is unreasonable. The money spent should be replenished at least once to take the Petty Cash Fund back to its approved balance. Replenishment is also done when the dollar balance goes below a set level. Replenishing allows the petty cash fund to operate as intended.