Question: Hi, Could you please help me with this question. Small business, in particular those that are owner-operated, often have less formal ways of dealing with

Hi, Could you please help me with this question.

Small business, in particular those that are owner-operated, often have less formal ways of dealing with petty cash expenses. Instead of using a cash imprest system, list 2 alternative methods that could be used to deal with petty cash expenses which would still maintain the integrity of the relationship of the business' financial systems. Why might a business review and update the way they treat petty cash expenses?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Assessment Coversheet Unit/s Assessed FNSACC311 Process financial transactions and extract interim reports Assessment Name FNSACC311Assignment Type of Assessment This summative assessment will enable...

Research Paper: Topic: Why did the traditional financial risk approaches, methods, and tools fail in the financial market meltdown of 2008 - 2009? Discuss questions DQ #1: How has fair value...

Hi I know you opted out of an earlier question. I have several open questions. I really need to get them in. Would you be willing to take any of these questions? I have been waiting for 3 days. I...

hi expert please help me answer this question How would you justify the need for the proposed change to Jinnah? Suggest some techniques to handle the senior yet problematic employees. At 8:00a.m. on...

hi expert please help me answer this question thank you. How can formal workforce planning benefit Jinnah? At 8:00 am on the first day of 2018, it was still early for the full work of Jinnah...

Hi, I need a help from those people who have a great knowledge regarding accounting. Please help me to resolve the questions in attached file. BSB51215 Diploma of Marketing BSBFIM501 Manage budgets...

Can you please help me with this question? ref Hawaiian PwC Case Studies in Taxation, 2013, PwC, LLP HAWAIIAN MEMORIES, INC. Hawaiian Memories, Inc. (HMI) is a C corporation that was formed in 2007...

Can you please help me with this question Bearden PwC Case Studies in Taxation, 2013, PwC, LLP BEARDEN'S SPECIALTY PRODUCE, INC. Your client, Frank Bearden, owns an Arkansas business that brokers...

QUESTION: In the place of Kashyap, how should someone respond to this demotion? What otherresponses can be suggested to address the events in the case? Please help me in the question above after...

At December 31, Kunkel Corporation reports net income of $450,000. Prepare the entry to close net income.

Biotin play a central role in fatty acid synthesis O F

What is the difference between r 2 and adjusted r 2 ?

Chapter 10 In a paragraph or so, discuss your thoughts about the sentiments in the video regarding why products fail. https://hbr.org/2011/04/why-most-product-launches-fail Over 25 years ago, Tim and...

3. (Constructing a metaphor about something can be done by comparing it to something else by using the word is. For instance, Communication is a bridge between people.

1. The first party (the sender) may dispute the validity of the interpretation, or 2. He/she can accept the interpretation.

2. In this chapter, the reader should reflect on the following concepts: Message, communication error, data, code, information, metaphor.