Question: A petty cash fund a. should be maintained by more than one person. b. can be used to purchase depreciable assets, such as expensive equipment.

A petty cash fund

a.

should be maintained by more than one person.

b.

can be used to purchase depreciable assets, such as expensive equipment.

c.

can be used to pay for small items such as working lunches, postage due, and coffee room supplies.

d.

is designed to bypass internal controls.

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