A Petty Cash Fund Should Not Be Used for

question 157

Multiple Choice

A petty cash fund should not be used for

• A) postage due.
• B) loans to the petty cash custodian.
• C) taxi fares.
• D) customer lunches.

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Definitions:

Disadvantage

A condition or situation that causes an individual or group to be in a less favorable position, often affecting their ability to compete or succeed.

Data Collection

The process of gathering and measuring information on variables of interest in an organized and systematic way for research purposes.

Causal Relationship

A connection between two variables where a change in one directly influences the change in the other.

Spurious

Relating to a relationship or finding that appears to be valid but is actually due to unrelated factors or variables.