Question
Which of the following is not a characteristic of a petty cash fund? A)It is cash in the custody of a responsible person who administers
Which of the following is not a characteristic of a petty cash fund?
A)It is cash in the custody of a responsible person who administers the fund.
B)Cash in the fund plus the amount of payments made from the fund should equal the fixed fund total.
C)All disbursements are made from it by check.
D)It is periodically replenished.
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Accounting Principles Volume 1
Authors: Jerry A. Weygandt, Paul D. Kimmel, Donald E. Kieso
11th Edition
1118751752, 978-1118751756
