What Is the Accepted Method for a Healthcare Facility to Get

question 34

Multiple Choice

What is the accepted method for a healthcare facility to get money into its petty cash fund?

• A) Cash a check written against the operating checking account.
• B) Transfer cash from the cash drawer.
• C) Get cash from the facility's owners.
• D) Withdraw cash from an investment account.

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Definitions:

Materials Required

The raw materials and components needed for the production of goods.

Financial Budgets

Prospective financial statements that project the revenues, expenses, and cash flows of a business for a future period.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used for managing liquidity.

Budgeted Balance Sheet

A financial statement that projects a company’s financial position for a future period, based on anticipated assets, liabilities, and equity.