What is the size of the petty cash fund?

Answer 1

Generally petty cash funds range around 25 dollars for minor needs for a business such as pencils, other office equipment, or breaking bills early in the morning when a customer presents a large bill and you haven't had many customers yet. Most register drawers start off with 75 dollars assorted from 10s, 5s, Quarters, Dimes, Nickles and Pennies. At the end of the night, the petty cash fund is replenished if it was used. Most cases petty cash fund is not used.