Indicate whether each of the following statements about cash receipts is true or false.
-The amount of cash on hand, including petty cash, should be counted periodically

Question

Quizplus · Accepted Answer

It is important to count the amount of cash on hand, including petty cash, periodically to ensure that the recorded amount matches the actual amount. This helps to prevent errors, fraud, and theft.

Indicate Whether Each of the Following Statements About Cash Receipts