A key to strong control over petty cash is to ensure that several persons serve as custodian at one time.

Question

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The key to strong control over petty cash is to ensure that only one person serves as custodian at one time. This helps in establishing clear accountability and accountability for any discrepancies that may occur. Having multiple custodians can lead to confusion and lack of accountability.

A Key to Strong Control Over Petty Cash Is to Ensure