True/False
No special internal control procedures are necessary with a petty cash fund because the amount is so small.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q93: _ are those investments and deposits with
Q94: A good system of internal control requires
Q95: The only essential element of internal control
Q96: Petty Cash is NOT considered to be
Q98: The accountant for a local manufacturing company
Q99: Having one employee prepare company checks and
Q100: Discount Muffler Company is preparing its bank
Q101: The items listed below were identified while
Q102: The following set of items describes activities
Q173: A check written by a company but