Petty Cash Interview Question:

What is Funding?

Submitted by: Murtaza

Decide upon the size of the petty cash fund at each location. This is typically in the range of $100 to $500. Given the high risk of petty cash theft, it is generally better not to create excessively large petty cash funds, even though smaller ones must be replenished more frequently.
Submitted by: Murtaza