Examlex
For each of the following, indicate whether a physical or chemical change occurs.
A)Solid table salt is obtained from the evaporation of seawater.
B)Alcohol is boiled off from rum.
C)Mercury vapor is generated by heating mercury(II) oxide.
D)Oxygen is removed from an iron oxide containing Fe2O3.
E)Gold metal is separated from river sand by panning.
Petty Cash Fund
A small amount of cash kept on hand for minor, immediate expenses.
Cash Controls
Financial procedures and policies that are implemented to manage and monitor cash transactions, to prevent theft, fraud, or errors.
FASB Controls
Guidelines and standards established by the Financial Accounting Standards Board (FASB) to govern the financial reporting and accounting practices of companies in the United States.
GAAP Controls
Financial and accounting guidelines and standards designed to ensure accurate and consistent financial reporting and accounting practices.
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