A cashier shall make use of ___________ vouchers to reconcile the balances of the petty cash funds.

Journal

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Memo

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Receipt

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Cash

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Solution

The correct option is D Cash
A cash memo/ petty cash memo is a document that is used when money is being withdrawn from the petty cash fund. A petty cash fund is created to meet all the petty/small transactions that take place in the organisation on daily basis. A cashier can check the cash memo to reconcile all the transactions as they are the record to all the transactions of petty cash fund.

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As an employee, a common way to get funds from Petty Cash is to:

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