Bilky Maroose asked Mr. Wonderful, CPA to be his accountant for his new business company, Easy Money.\ \ Mr. Wonderful advised Bilky to open a business bank account and to deposit all cash receipts of the business and to record all business cash out flow through the account. Bilky balked and said, " Do you mean I cannot pay cash to anyone as part of the business transactions?" Mr. Wonderful patiently explained the concept of petty cash, how it should be disbursed and transactions accounted for. Bilky continued, "So all transactions are not run through the bank account. Is Bilky correct? Has he stumped Mr. Wonderful CPA?