The sum of all petty cash receipts furthermore the remaining cash should really equivalent the overall of your fund quantity at any provided time.
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Evaluate the following statements about a petty cash fund Utilized in a company. Choose the one which is right.
To incorporate up the total volume of cash and cash you might have, initial sort Every single note and coin Based on benefit. Make a different pile for every denomination then depend how many of each bill or coin price you might have.
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The sum of all petty cash receipts as well as the remaining cash ought to equivalent the entire of the fund sum at any offered time.
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