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Two mountain bikers take off from the same place at the same time. One travels north at 4 mph, and the other travels east at 3 mph. How far apart are they after 4 hr?
Petty Cash Fund
A petty cash fund is a small amount of cash kept on hand by a business for making immediate payments for minor expenses, managed through a petty cash system.
Cash Shortage
A situation where the actual cash on hand is less than the expected amount, often due to errors, theft, or mismanagement.
Replenishment
The process of refilling inventory or stock to ensure adequate levels for ongoing operations or sales demands.
Journal Entry
An accounting record of a business transaction in the accounting books, including information such as the date of the transaction, amounts, accounts affected, and a brief description.
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