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  3. (2). you are placed in charge of a $200...

(2). You are placed in charge of a $200...

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Accounting

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(2). You are placed in charge of a $200 petty cash fund. On December 31,202, at the end of the fiscal year, $30 in currency and coin remain in the fund. The expenditures from the fund up to this point were $105 for office supplies and $65 for delivery expense (ignore HST). You do not have the fund replenished until January 6, 20-3. (A-8) Explain why the petty cash fund should have been replenished on December 31, 20-2. Quote the above situation in detail

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