Since petty cash is concerned with such small amounts of cash, it is not necessary to document all transactions with a petty cash receipt.

Name: Since petty cash is concerned with such small amounts of cash, it is not necessary to document all transactions with a petty cash receipt.
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Question

Quizplus · Accepted Answer

It is necessary to document all transactions with a petty cash receipt, even if the amount is small. This helps to maintain a record of all expenses and ensure accountability for the use of petty cash.

Since Petty Cash Is Concerned with Such Small Amounts of Cash