The Petty Cash Fund

The Petty Cash Fund - The Petty Cash Fund payment.,...

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The Petty Cash Fund Companies normally use checks to pay their obligations because checks provide a record of each  payment. Companies also maintain a  petty cash fund  to pay for small, miscellaneous expenditures  such as stamps, small delivery charges, or emergency supplies. The size of a petty cash fund varies  depending on the needs of the business. A petty cash fund should be small enough so that it does  not unnecessarily tie up company assets or become a target for theft, but it should be large enough  to lessen the inconvenience associated with frequently replenishing the fund. For this reason, 
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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