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What Is the Principle of the Flocculation Test

question 40

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What is the principle of the flocculation test?

Identify the role of auxiliary petty cash records and vouchers in managing petty cash.
Describe the process and accounting treatment for change funds and their differences from petty cash.
Understand how to establish and adjust a petty cash fund.
Learn how to reconcile the petty cash fund by accounting for cash shortages and overages.

Definitions:

Organizational Culture

The values, beliefs, attitudes, and behaviors shared by members of an organization that influence its social and psychological environment.

External Adaptation

The process by which an organization or individual modifies itself or its strategies to cope with changes in its external environment.

Niche

describes a specialized segment of the market for a particular kind of product or service, where specific demand exists.

Organizational Culture

The set of shared values, beliefs, behaviors, and norms that influence how work gets done within an organization.

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