Which of the following is correct regarding a petty cash fund?

A) A petty cash fund represents cash on hand at the business for quick access.

B) A petty cash fund is used for minor purposes.

C) When cash from this fund is taken out, it should be replaced with a voucher.

D) All of the answers are correct regarding a petty cash fund.

Answer: All of the answers are correct regarding a petty cash fund.