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
Q96: Which of the following is considered cash
Q97: On May 31,Money Corporation's Cash account showed
Q99: Regarding a bank reconciliation,which one of the
Q100: The following information was taken from the
Q102: Which of the following is NOT correct
Q103: Operating cash flows would exclude:
A)Payment of employee
Q104: After preparing a bank reconciliation,the collection of
Q106: The balance in the Colt Company's Cash
Q139: After preparing a bank reconciliation,a check outstanding
Q140: Which of the following would NOT need
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents