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Information: Browning Inc. has a pretty cash fund of $750. (A). Since the petty cash fund is only $750, should Browning Inc. implement controls over

Information:

Browning Inc. has a pretty cash fund of $750.

(A). Since the petty cash fund is only $750, should Browning Inc. implement controls over pretty 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.

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