Question: 9 of 2 2 Concepts completed ( i ) Multiple Choice Question Review the following statements regarding a petty cash fund used in a business

9 of 22 Concepts completed
(i)
Multiple Choice Question
Review the following statements regarding a petty cash fund used in a business and select the one that is correct.
The cashier of a fund will write checks for small payments like postage, supplies and deliveries.
A check written against the fund is cashed when the fund is replenished.
Only the petty cashier is responsible for paying cash from the fund.
A petty cash fund is controlled by top management.
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9 of 2 2 Concepts completed ( i ) Multiple Choice

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