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1. John Smith is the petty cash custodian. John approves all requests for payment out of the $200 fund, which is replenished at the end

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1. John Smith is the petty cash custodian. John approves all requests for payment out of the $200 fund, which is replenished at the end of each month. At the end of each month, John submits a list of all accounts and amounts to be charged and a check is written to him for the total amount. John is the only person ever to tally the fund

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