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Nicole is trying to solve a problem that has resulted in defective products. She has understood that the problem is due to a technical failure and has realized that it has to be corrected immediately to avoid further loss. The next step in Nicole's decision-making process after collecting all the details regarding the problem is to:
Petty Cash Overage
A situation where the amount of petty cash on hand is more than the recorded amount, indicating discrepancies in transactions or recording errors.
Auxiliary Petty Cash Record
A supplementary accounting register used to track small or incidental expenses paid out in cash, aiding the main petty cash system.
Petty Cash Voucher
A petty cash form to be completed when money is taken out of petty cash.
Petty Cash Account
A modest sum of money maintained for covering small or unexpected costs.
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