A petty cash system is designed to a. cash checks for employees b. handle cash sales c. pay small miscellaneous expenses d. account for all cash receipts and disbursements
A petty cash system is designed to a. cash checks for employees b. handle cash sales c. pay small miscellaneous expenses d. account for all cash receipts and disbursements
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 4MC
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Question
A petty cash system is designed to
a. cash checks for employees
b. handle cash sales
c. pay small miscellaneous expenses
d. account for all cash receipts and disbursements
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