Briefly explain what a petty cash fund is and how it works.
Question:
Briefly explain what a petty cash fund is and how it works.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
A petty cash fund is a small amount of cash that a company sets aside to cover minor expenses such a...View the full answer
Answered By
Abigael martinez
I have been a tutor for over 3 years and have had the opportunity to work with students of all ages and backgrounds. I have a strong belief that all students have the ability to learn and succeed if given the right tools and support. I am patient and adaptable, and I take the time to get to know each student's individual learning style in order to best support their needs. I am confident in my ability to help students improve their grades and reach their academic goals.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
Question Posted:
Students also viewed these Business questions
-
On June 1, Bash Salad Dressings creates a petty cash fund with an imprest balance of $450. During June, Al Franklin, the fund custodian, signs the following petty cash tickets: On June 30, prior to...
-
On September 1, Cool Salad Dressings creates a petty cash fund with an imprest balance of $250. During September, Michael Martell, the fund custodian, signs the following petty cash tickets: On...
-
On June 1, Bash Salad Dressings creates a petty cash fund with an imprest balance of $ 450. During June, Al Franklin, the fund custodian, signs the following petty cash tickets: On June 30, prior to...
-
9. Let x = (1.11... 111000...) 26, in which the fractional part has 26 1's followed by O's. For the Marc-32, determine x, x+, f(x), x-xx-x, xx, and lx-fl(x)/x.
-
Refer to the International Journal of Retail and Distribution Management (Vol. 39, 2011) study of shopping on Black Friday (the day after Thanksgiving), Exercise 6.16. Recall that researchers...
-
A special coal burner uses a stoichiometric mixture of coal and an oxygenargon mixture (1:1 mole ratio), with the reactants supplied at the reference conditions P 0 , T 0 . Consider the dissociation...
-
The following readings were taken during the test on a single cylinder four stroke oil engine : Cylinder diameter \(=270 \mathrm{~mm}\), stroke length \(=380 \mathrm{~mm}\), mean effective pressure...
-
Copper tubing is joined to the absorber of a flat-plate solar collector as shown. The aluminum alloy (2024- T6) absorber plate is 6 mm thick and well insulated on its bottom. The top surface of the...
-
Explain the role of incident investigation in PSM. How does root cause analysis (RCA) contribute to continuous improvement in process safety, and what methodologies are commonly used to identify the...
-
Why do businesses make sales on credit?
-
Prepare an outline of a bank reconciliation for a business.
-
List the rules that apply to taxpayers with a qualifying child in order to claim the EIC?
-
The Fed Will Not Extend a Pandemic-Crisis Rule The Federal Reserve has decided against extending a pandemic era rule that relaxed the amount of capital banks had to hold. What is the capital in the...
-
What was the exchange rate policy adopted by China after July 2005? Explain how it works. Chinas designation as a currency manipulator has been officially removed by the Trump administration. As part...
-
Feds Mary Daly Says Tapering of Bond Purchases May Start This Year San Francisco Federal Reserve President Mary Daly says that with a strong recovery, the Fed will slow its asset purchases. The Fed...
-
Explain why the depreciation of the Brazilian real has led to foreign investment in Rios real estate. For foreign investors, a 21% fall in the Brazilian real since the start of 2020 has encouraged...
-
What are the main components of money in the United States today?
-
Each of the following situations has an internal control weakness: a. Soft Wizzard Applications sells accounting software. Recently, development of a new program stopped while the programmers...
-
Find the work done in pumping all the oil (density S = 50 pounds per cubic foot) over the edge of a cylindrical tank that stands on one of its bases. Assume that the radius of the base is 4 feet, the...
-
What roles do accountants have in relation to the accounting information system?
-
Describe automated matching in the purchasing process and explain how this IT enablement has improved efficiency in companies.
-
For an accounts receivable system, what kind of data would be found in the master files and transaction files, respectively? What type of structured and unstructured data might relate to an accounts...
-
A rigid vessel (i.e., constant volume) contains methane (CH 4 ) and air with an equivalence ratio of 0.5. The fuel and air mixture are at 25C and 200kPa. Combustion occurs, and methane is completely...
-
The species A reversibly adsorbs on a surface with a heat of adsorption that is 100 kJ mol and a value of K 109 bar. Recall that the equilibrium constant as a function of Q can be expressed by: K(Q)...
-
Problem 2. Consider Example 14.3 from the textbook, the mixing tank, with level and temperature as controlled variables. Hot stream Cold stream (disturbance) "2 Cold stream LC TC 12 Read and...
Study smarter with the SolutionInn App