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I need help . Can someone pls help me re-write the passage below in around 80 words or more than that is okiesss . Thanks .Petty Cash and C.O.D Most firm today use a petty cash fund for making small one-time purchases. For this purpose, many firms define “small†as under $100. It is often less expensive for an individual user ( or a purchasing delivery employee ) to buy minor items personally and pay for them from a petty cash fund than it is to buy them through the conventional purchasing system . Any inefficiencies that may arise because of a lack of buying skill are more than compensated for by the administrative savings resulting from not placing a purchase order. Some firms also find it economical to make small one-time purchase on a C.O.D basis. Material can be ordered by telephone and paid fir an arrival. Payment can be made using petty cash or a departmental check written on an account set up for such purchases.
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