Which One of the Following Procedures Is incorrect for Setting

question 46

Multiple Choice

Which one of the following procedures is incorrect for setting up and maintaining a petty cash fund?

• A) A check is prepared for a fixed amount; when the check is cashed, the money is entrusted to a petty cash custodian.
• B) An entry is recorded to establish the fund and obtain the cash.
• C) When appropriate documentation is presented, cash payments are made from the fund; the petty cash custodian retains the documentation.
• D) When the petty cash fund is replenished, an entry is recorded to recognize an increase in the petty cash account.

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Definitions:

Concentric

Defined by objects sharing a common center, often used in physics and geometry.

Interstitial

Space within tissue. Interstitial growth is growth from within.

Appositional

A mode of growth by the addition of new layers on the surface of existing tissues or structures.

Oppositional

Refers to movements involving resistance or actions that counteract another, often used in the context of psychology or physical movements.