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Petty Cash Fund
A small amount of cash on hand used for minor or incidental expenses of a business.
Petty Cash Account
A small amount of cash kept on hand in a business for minor expenditures.
Internal Control System
Strategies and measures put in place by a firm to maintain the honesty of its financial and accounting records, promote responsible management, and deter fraudulent activities.
Single Employee
Refers to an individual worker within an organization, focusing on aspects related to their employment status or conditions.
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