Examlex
List the main features of an evolutionary approach
Cash Short
A situation where the recorded amount of cash does not match the actual amount of cash available, often indicating errors or theft.
Cash Over
A situation where the amount of cash on hand is more than what was expected or reported, often requiring investigation.
Petty Cash Account
A small amount of cash kept on hand for minor or incidental expenses, controlled through a fund system to manage small business transactions.
Auxiliary Petty Cash Record
A detailed log used to track the small transactions handled through a petty cash fund, aiding in the reconciliation and management of petty cash.
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