Which of the following is not an internal control procedure that applies to petty cash?

Multiple Choice

• Write petty cash fund checks to the order of Cash, not to the person in charge of the fund.

• Use the petty cash fund only for small payments that cannot conveniently be made by check.

• Limit the amount set aside for petty cash to the approximate amount needed to cover one months payments from the fund.

• Assign one person to control the petty cash fund. This person has sole control of the money and is the only one authorized to make payments from the fund.