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Question
How often is petty cash replenished?
How often is petty cash replenished?
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Solution
Petty cash reserve ought to be little enough so it doesn’t superfluously tie-up organization resources or become an objective for burglary, yet it ought to be adequately huge to decrease the burden related with every now and again renewing the asset. Therefore, organizations normally set up a petty cash fund that should be replenished every two to four weeks a month.
Organizations relegate liability regarding the petty cash reserve to an individual called the petty cashier or petty cash custodian.
Also see:
Petty cash reserve ought to be little enough so it doesn’t superfluously tie-up organization resources or become an objective for burglary, yet it ought to be adequately huge to decrease the burden related with every now and again renewing the asset. Therefore, organizations normally set up a petty cash fund that should be replenished every two to four weeks a month.
Organizations relegate liability regarding the petty cash reserve to an individual called the petty cashier or petty cash custodian.
Also see:
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