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Select the Most Appropriate Choice for Each Person

question 7

Multiple Choice

Select the most appropriate choice for each person.
-Aristotle


Definitions:

Cash Over And Short

An account used to report minor discrepancies between physical cash amounts and accounting records.

Receipts For Disbursements

These are documents that serve as proof of payment transactions, such as the payment of expenses or the distribution of cash.

Petty Cash Fund

A minimal sum of money kept in reserve for covering minor costs that aren't worth issuing a check for.

Petty Cash Custodian

The person responsible for managing a small amount of cash for minor, routine business expenses.

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