A petty cash fund should not be used forGroup of answer choicescustomer lunches.taxi fares.loans to the petty cash custodian.postage due.
Question
Solution 1
A petty cash fund should not be used for loans to the petty cash custodian.
Here's why:
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Definition: A petty cash fund is a small amount of cash kept on hand to cover minor expenses in a business, such as postage due or taxi fares.
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Purpose: The purpose of a petty cash fund is to provide a Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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