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The sum of all petty cash receipts in addition the remaining cash need to equal the overall from the fund amount of money at any supplied time.
The petty cashier have to present all compensated receipts to the corporate cashier in an effort to replenish the fund.
Rapid cash in an emergency: Some applications can immediately deposit revenue into your checking account — Nonetheless they generally charge an additional rate for that service.
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Select which of the statements beneath are exact concerning how a petty cash fund is designed and used in a business. (Test all of that utilize.)
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