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Karlin Publishing purchased a program for its computer that would enable it to streamline the printing process and decrease the time it takes to print each page. The program was too fast for Karlin's printer, so the company hired Shannon Foley to eliminate the problem. The human function required by Shannon for this job was:
Bank Reconciliation
The process of matching and comparing figures from the banking statements with the cash account records to ensure accuracy and consistency in financial records.
Petty Cash
A small amount of cash on hand used for covering minor expenses.
Petty Cash Fund
A small amount of cash kept on hand for making immediate payments for minor expenses.
Auxiliary Petty Cash Record
A supplementary record for summarizing petty cash information.
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