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No Special Internal Control Procedures Are Necessary with a Petty

question 124

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No special internal control procedures are necessary with a petty cash account because the amount is usually so small.


Definitions:

Nucleotide

A nucleotide is the structural unit that links together to form DNA (and RNA). Each nucleotide includes a sugar (like deoxyribose or ribose) and a base.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

RNA

Ribonucleic acid, a nucleic acid present in all living cells that acts as a messenger carrying instructions from DNA for controlling the synthesis of proteins.

Point Mutations

Genetic alterations caused by the change of a single nucleotide base in the DNA sequence.

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