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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Accounting

ISBN: 978-0324662962

23rd Edition

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

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