The Custodian of the Petty Cash Fund Has the Responsibility

question 149

True/False

The custodian of the petty cash fund has the responsibility of recording a journal entry every time cash is used from the fund.

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Definitions:

Affirmative Action

A policy or a program promoting the representation and participation of minority groups and women in education, employment, and other areas.

Higher Education

Education provided by universities and other institutions that offer academic degrees and research opportunities beyond secondary education.

Tomás Almaguer

A scholar known for his work in American Ethnic Studies, notably on racial and ethnic identities in the United States, especially regarding Latino/Chicano communities.

Racism

A belief or doctrine that inherent differences among the various human racial groups determine cultural or individual achievement, often involving the idea that one's own race is superior and has the right to dominate others.