As the new bookkeeper for a small business, you find that several people access the Petty Cash

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As the new bookkeeper for a small business, you find that several people access the Petty Cash Fund, usually without anyone leaving a written explanation of what the money was used for. The amount of cash does not match the recorded amount of the fund. Explain how operation of the Petty Cash Fund can be made more efficient to maintain an accurate accounting of how the money is used.

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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