There are several reasons why the petty cash fund would experience a shortage or an overage. Determine which of the actions below would result in a shortage or an overage in the petty cash fund. (Check all that apply.)
a. The petty cashier overpaid for the amount due.
b. The company cashier reduced the petty cash account
c. The petty cashier failed to get a receipt for payment.
d. A person receiving disbursement from the fund failed to return change from a transaction.
e. The petty cashier overpaid for the amount due.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “There are several reasons why the petty cash fund would experience a shortage or an overage. Determine which of the actions below would ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Mr. and Mrs. Alexander have two dependent children. They paid $7,200 wages to a housekeeper to care for the children and $549 employer payroll tax on her wages. Mr. and Mrs. Alexander file a joint return. Assume the taxable year is 2019.
Answers (1)
An owner of a six-family apartment complex pays the property manager an annual salary equal to 6% of the property's annual gross income.
Answers (1)
Sludge Corporation has two bonds outstanding, each with a face value of $3.00 million. Bond A is a senior bond; bond B is subordinated. Sludge has suffered a severe downturn in demand, and its assets are now worth only $5.00 million.
Answers (1)
The demand for apples in the United States is Upper Q Subscript US Baseline equals 800 minus 20 Upper P , and foreign demand for apples is Upper Q Subscript Upper F Baseline equals 1200 minus 40 Upper P , where quantity demanded is measured in
Answers (1)
Before introducing the new software, Star Software Inc., conducted benchmark activities to assess how popular the product would be in the marketplace. Which stage of the strategic management process is being used in this situation? A.
Answers (1)
New Questions in Business
At a recent staff meeting, the director of the centerville diagnostic imaging center told the staff, "our clients hate to waste time in a waiting room, and they may go to another center if we don't provide prompt service.
Answers (1)
Implicit transaction
Answers (1)
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $8 each or to produce them in-house.
Answers (2)
A stock's holding period return represents: a. the return from a stock relative to the return from a specific portfolio. b. the total return earned over a specific period through buying and selling an asset. c.
Answers (1)
Evaluate the current China/Taiwan logistics costs. Assume a current total volume of 190,000 CBM and that 89 percent is shipped direct from the supplier plants in containers.
Answers (1)