Matthew has brought you a handful of receipts, for supplies that he needed and purchased with...

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Matthew has brought you a handful of receipts, for supplies that he needed and purchased with his personal funds. He considered it a nuisance to write out a company cheque for any amount under $50. You and Matt have decided a cheque will be issued for $100 to establish a petty cash fund (see the cheque stub 0002) so that he can have cash available for other small purchases. You will find a copy of the petty cash receipts included with the October transactions. Review Chapter 7 on internal controls in your Larson textbook for Financial Accounting 1. Required Prepare a petty cash policy and procedures for Mi Casa. Refer to the Policies and Procedures unit for formatting. Matthew has brought you a handful of receipts, for supplies that he needed and purchased with his personal funds. He considered it a nuisance to write out a company cheque for any amount under $50. You and Matt have decided a cheque will be issued for $100 to establish a petty cash fund (see the cheque stub 0002) so that he can have cash available for other small purchases. You will find a copy of the petty cash receipts included with the October transactions. Review Chapter 7 on internal controls in your Larson textbook for Financial Accounting 1. Required Prepare a petty cash policy and procedures for Mi Casa. Refer to the Policies and Procedures unit for formatting.

Answer rating: 100% (QA)

Petty Cash Policy and Procedures for Mi CasaI Introduction Establish a petty cash fund to provide employees with cash for small purchases Ensure prope... View the full answer