true or false

6. Compensating balances that are legally restricted as to withdrawal by the borrower are excluded from cash. TRUE 7. For best internal control, the duties of cash custody, cash disbursements authorization and cash recording should be delegated to one and same personnel. FALSE 8. The "Petty Cash Fund" account is credited each time a petty cash disbursement is made. TRUE 9. An entity's petty cash fund (PCF) has an imprest balance of P100. At the end of the period, the PCF consists of P20 coins and currencies. To replenish the PCF, the entity should write a check amounting to P80. TRUE . 10. An entity's PCF has an imprest balance of P100. At the end of the period, the PCF includes P30 unreplenished disbursements. The amount of PCF to be reported in the financial statements is P70. TRUE