According to your text, the best approach to keep track of petty cash is:
A)Don't use it, use credit only
B)Deposit the full amount of petty cash, then write a check for Petty Cash
C)Keep cash on hand off the books
D)None of these

Question

Quizplus · Accepted Answer

Depositing the full amount of petty cash and then writing a check for petty cash is the best approach because it provides a paper trail for the use of the cash, ensuring accountability and preventing any misuse or theft. Using credit only may not be feasible or practical for small expenses, and keeping cash off the books can lead to inaccuracies and fraudulent behavior.

According to Your Text, the Best Approach to Keep Track