FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES
FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES
9th Edition
ISBN: 9781119493648
Author: Kimmel
Publisher: WILEY
Question
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Chapter 7, Problem 28Q

(a)

To determine

Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage, office supplies, and lunches.

To list: Three internal control activities pertaining to petty cash fund and mention the related internal control principle

(b)

To determine

To mention: The requirement of journal entries while operation of petty cash fund

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Chapter 7 Solutions

FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES

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