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Petty Cash
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Petty Cash
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6. Internal Controls and Reporting Cash / Petty Cash / Problem 7
Problem 7
Why are pre-numbered petty cash vouchers important for internal control?
A
They prevent unauthorized use of petty cash by tracking all transactions.
B
They are used to audit the company's main cash account.
C
They help in calculating the total petty cash fund amount.
D
They ensure that all petty cash transactions are recorded in the general ledger.
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