Petty cash fund is supposed to be replenished at ________________.

Every day

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Every half year

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Every Year

No worries! We‘ve got your back. Try BYJU‘S free classes today!

At the end of every accounting period

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D At the end of every accounting period
Petty cash fund is supposed to be replenished at the end of every accounting period.
This is done whenever the amount of actual cash in the petty cash box is low and at the end of each accounting period.

Suggest Corrections

Similar questions

The company replenished the petty cash fund via a cheque of Rs 730. In the journal entry, which account is credited?

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

David wants to replenish the Rs150 petty cash fund. He has receipts for the following total payments: supplies, Rs36; and postage (Office Expense), Rs27. A cash count shows Rs87 in the petty cash box. What is the correct journal entry to record the transaction?

Timothy wants to replenish the Rs300 petty cash fund. He has receipts for the following total payments:postage (Office Expense), Rs35; supplies, Rs25; and repairs, Rs95. A cash count shows Rs140 in the petty cash box.What is the correct journal entry to record the transaction?

Q. A document with the help of which a particular amount is withdrawn from the petty cash fund is known as ___________ voucher.

Join BYJU'S Learning Program

Petty cash fund is supposed to be replenished at ________________.

The correct option is D At the end of every accounting periodPetty cash fund is supposed to be replenished at the end of every accounting period.This is done whenever the amount of actual cash in the petty cash box is low and at the end of each accounting period.

The correct option is D At the end of every accounting period
Petty cash fund is supposed to be replenished at the end of every accounting period.
This is done whenever the amount of actual cash in the petty cash box is low and at the end of each accounting period.