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Petty Cash
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Problem 10
Petty Cash
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6. Internal Controls and Reporting Cash / Petty Cash / Problem 4
Problem 4
Which internal control measure is most effective in preventing misuse of petty cash funds?
A
Increasing the petty cash fund amount.
B
Using petty cash for large purchases.
C
Allowing multiple custodians to access the fund.
D
Regular audits of the petty cash fund.
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