An Employee Assigned the Responsibility for Overseeing the Petty Cash

question 45

True/False

An employee assigned the responsibility for overseeing the petty cash fund is called the Accounts Receivable clerk.

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Definitions:

Capital

The money and property that a business needs to operate.

Corporation by Estoppel

A legal doctrine that prevents a person from denying the corporate existence of an entity when they have treated it as a corporation.

Properly Incorporated

Refers to a company or entity that has been legally established and registered under the laws of its jurisdiction.