Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. when a petty cash fund is in use, a. all purchases

When a petty cash fund is in use, A. all purchases using these funds must...

50.1K

Verified Solution

Question

Accounting

When a petty cash fund is in use,

A. all purchases using these funds must have two signatures to approve the purchases.

B. the size of the fund should be large enough to use to cash employees' bi-monthly payroll checks.

C. an entry is made to Petty Cash when the fund is replenished to its original amount

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

f(x) = 15x^4-3x^5 / 256. f'(x) = 60x^3 - 15x^4 / 256 f''(x) = 45x^2 -...

Basic Math
Q

Chordata, Vertebrata, Agnatha Questions 1. Read the descriptions provided above for the external structures and then label...

Biology
Q

PROJECT MANAGEMENT - ASAP Do you agree with the statement that “nothing great would ever be built...

General Management
Q

Which sentence uses theunderlined word incorrectly?A. My favorite candy is a couple; it's madefrom cooking...

Biology
Q

A 6 3 m long string has a mass of 2 15g What is the...

Physics
Q

F A long straight hollow conductor tube carrying a current has two sections A and...

Physics
Q

QA metal bar of length I is well lagged with some non conducting material to...

Physics
Q

For the rhombus below find the measures of 21 22 23 and Z4 1 2...

Geometry
Q

Question 10 7 3 65 Use an appropriate area formula to find the area of...

Algebra
Q

pane company manufactures controls that are used in its manufacturing of air conditioners. the controls...

Accounting
Q

High Country, Inc, produces and sells many recreational products. The company has just opened a...

Accounting
Q

1. Gina in the King's Road Inc., makes naugahyde chairs. The company uses two main...

Accounting