Saturday, October 10, 2020

Which of the following is NOT involved in the replenishment of the petty cash fund?

Which of the following is NOT involved in the replenishment of the petty cash fund?


A) Transactions related to vouchers will be recorded.

B) Management will verify that the total of all vouchers equals the amount of cash missing from the petty cash fund.

C) Weekly payroll checks will be recorded.

D) Management will withdraw cash from the bank and place it in the petty cash fund.


Answer: Weekly payroll checks will be recorded.

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