Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
Since the expense was paid for by the petty cash fund, the appropriate answer is to deduct Postage Expense.
What is petty cash fund?
The basic goal of a petty cash fund is to provide company units with adequate cash to cover minor expenses. The idea is to make it simpler for staff members and guests to obtain reimbursed for modest costs like office supplies, taxi rides, postage, and other items that frequently don't cost more than $25.00. The Petty Cash Policy is described in detail.
Local units should employ the PCard in place of petty cash whenever practicable.
Petty cash custodians are responsible for safeguarding petty cash funds and keeping thorough records and receipts that serve as proof of each transaction.
To know more about Petty Cash Funds, visit:
https://brainly.com/question/15258796
#SPJ1
Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.
