Salaries & wages of the staff
For purchase of assets
Small expenses relating to postage’s and conveyance etc.
All of the above
✅ The correct answer is C.
Petty cash is used for payment of Small expenses relating to postage’s and conveyance etc. Petty Cash is a current asset account; it is part of a company’s cash.
Petty cash is used for payment of Small expenses relating to postage’s and conveyance etc. Petty Cash is a current asset account; it is part of a company’s cash.