Multiple Choice
A petty cash fund is generally established in order to
A) pay for all merchandise purchased on account.
B) pay employees' wages.
C) make loans internally to employees.
D) pay relatively small expenditures.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q80: When two or more people get together
Q81: At June 30, Mareska Company has the
Q82: In preparing its bank reconciliation for the
Q83: On a bank reconciliation, deposits in transit
Q84: Which of the following is not one
Q86: A deposit ticket is a negotiable instrument
Q87: All of the following are parties to
Q88: If a check correctly written and paid
Q89: Entries are made to the Petty Cash
Q90: A segregation of duties among employees eliminates