Match the following.
-Column 1: D4
Column 2: Upper control limit for a range chart
Definitions:
Petty Cash Fund
A petty cash fund is a small amount of cash on hand used for paying expenses too small to merit writing a check or using a credit card.
Reimburse
To pay back or compensate someone for expenses they have incurred, typically related to business costs or travel expenses.
Voucher System
A business's set of procedures for authorizing and recording liabilities and cash disbursements.
Invoice Approval
The process of reviewing and verifying invoices before payment, ensuring they match purchase orders and delivery receipts.
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