Which of the following is correct regarding a petty cash fund?
A) Petty cash fund represents cash on hand at the business for quick access.
B) 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 above are correct.
Correct Answer:
Verified
Q49: Operating cash flows would exclude:
A)Payment of employee
Q50: At the time a $400 petty cash
Q51: The balance shown in the August
Q52: Which of the following is NOT involved
Q53: When preparing a bank reconciliation,a deposit outstanding
Q55: Cash flows from investing activities do not
Q56: After preparing a bank reconciliation,a check outstanding
Q57: A company's cash balance is reported in
Q58: After preparing a bank reconciliation,the service fee
Q59: After preparing the bank reconciliation,an NSF check
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