What are two reasons for the creation of a petty cash fund?

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nelsonlarens nelsonlarens

03-05-2022
Mathematics

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What are two reasons for the creation of a petty cash fund?

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harrisonharley2006 harrisonharley2006 · Answer 1 · 2022-05-03T02:27:23+02:00

harrisonharley2006 harrisonharley2006

03-05-2022

to allow for the reimbursement or purchase of minor, small-dollar (less than $100), unanticipated business expenses, where the use of alternative means is neither feasible nor cost effective.

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