Spectacle Inc. has a petty cash fund of $2,000. (a) Since the petty cash fund is only

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Spectacle Inc. has a petty cash fund of $2,000.
(a) Since the petty cash fund is only $2,000, should Spectacle Inc. implement controls over petty cash?
(b) What controls, if any, could be used for the petty cash fund?

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: May 29, 2012 09:41 AM

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Spectacle Inc. has a petty cash fund of $2,000. (a) Since the petty cash fund is only

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a Yes Even though the petty cash fund is only 2000 ...View the full answer

Financial Accounting An Integrated Statements Approach

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