Oak Grove Inc. has a petty cash fund of $1,500. (a) Since the petty cash fund is

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Oak Grove Inc. has a petty cash fund of $1,500.
(a) Since the petty cash fund is only $1,500, should Oak Grove Inc. implement controls over petty cash?
(b) What controls, if any, could be used for the petty cash fund?

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Question Posted: Oct 20, 2011 09:34 AM

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Oak Grove Inc. has a petty cash fund of $1,500. (a) Since the petty cash fund is

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a Yes Even though the petty cash fund is only 1500 ...View the full answer

Survey of Accounting

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