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Which is not an internal control procedure for petty cash? Any supporting documents that are available should be attached to the petty cash receipt. The
Which is not an internal control procedure for petty cash? Any supporting documents that are available should be attached to the petty cash receipt. The signatures of both the fund custodian and the person receiving the payment are required on the receipt. The custodian destroys the receipts in the petty cash box weekly. Management should make surprise counts periodically to determine whether the fund is being maintained correctly
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