The Petty Cash Fund Must Be Replenished on the Balance

question 134

True/False

The petty cash fund must be replenished on the balance sheet date, otherwise the ledger will not balance.

---

Definitions:

Ebbinghaus

Hermann Ebbinghaus was a German psychologist known for his pioneering work on memory and learning, including the discovery of the forgetting curve.

Forgetting

The loss or inability to recall information or memories, which can result from various factors, including the passage of time or interference from other information.

Retrieval Period

The phase during which information is recalled from memory, often discussed in the context of cognitive psychology and memory studies.

Flashbulb Memories

Flashbulb memories are vivid, detailed recollections of momentous events, often retained with clarity due to the emotional significance.