Multiple Choice
It is important that the petty cash custodian
A) sign the check that reimburses the petty cash fund.
B) record all petty cash expenditures in the company's accounting records.
C) prepare the bank reconciliation for the petty cash account.
D) maintain supporting documentation for all payments made from the petty cash fund.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Match the following terms with their correct
Q5: Which of the following statements is true
Q6: Delco Construction<br>The following items relate to the
Q7: A company's internal control system must be
Q8: If a company records a $450 receipt
Q10: In a sound system of internal control,
Q11: In anticipation of preparing the July bank
Q12: What is meant by the term "cash
Q13: Allowing only certain employees to order goods
Q14: The practices of delaying payments to suppliers,