CH 8 Petty Cash Fund Problem Solving Activity SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC) QUALITY ENHANCEMENT PLAN (QEP) UPDATE: MCTC is accredited through the SACSCOC and will be reaffirmed by the Commission in 2019. As part of the reaffirmation of accreditation process, a comprehensive QEP was developed at MCTC focusing on Problem-solving skills. The MCTC students will improve problem-solving skills by learning to: Examine the evidence Define the problem Identify strategies Analyze potential solutions Implement the solution Reflect on the outcome . Information: Browning Inc. has a petty cash fund of $750. (A). Since the petty cash fund is only $750, should Browning Inc. implement controls over petty cash? (B). What controls, if any, could be used for the petty cash fund? Instructions: Answer the questions (A) and (B) in the space below. Be sure to identify all potential controls. Save your word document, then upload it into Blackboard for submission