Petty Cash should be used for:

Payroll expenses

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

Loans to employees

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

Expenses of a nominal amount

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

Official business functions

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

Open in App

Solution

The correct option is C Expenses of a nominal amount
Petty Cash should be used for expenses of a nominal amount.

Suggest Corrections

Similar questions

Q. Petty cash may be used to pay _________.

Q. Petty cash may be used to pay ______________________.

Q. Petty cash vouchers should be _____________ numbered.

Claire wants to establish a Rs250 petty cash fund for her business. She requested a cheque for Rs250. What is the correct journal entry to record the transaction?

What do you mean by the Imprest System followed by business concerns for managing petty cash expenses?

Join BYJU'S Learning Program

Petty Cash should be used for:

The correct option is C Expenses of a nominal amountPetty Cash should be used for expenses of a nominal amount.

The correct option is C Expenses of a nominal amount
Petty Cash should be used for expenses of a nominal amount.