For Each Historical Identification Question, Define the Term and Briefly

question 24

Short Answer

For each historical identification question, define the term and briefly describe its historical significance.
-Jesus

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Definitions:

Cash Over and Short

An account that records the discrepancies between the actual cash received and the expected amount.

Petty Cash Fund

A small amount of cash on hand used for paying expenses too small to merit writing a check.

Petty Cash

A small amount of cash kept on hand used for paying small expenses without writing a check or using a credit card.

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses.