Which of the Following Is NOT a Procedural Step When

question 30

Multiple Choice

Which of the following is NOT a procedural step when disbursing the petty cash funds?

• A)Sort all vouchers by account. 
• B)List all accounts involved. 
• C)Total vouchers for each account. 
• D)Write a check to replace funds. 
• E)Add receipts to original petty cash amount

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Definitions:

Preferred Stock

A type of stock that provides dividends before any dividends are provided to common stockholders and typically has rights to assets over common stock in the event of a company liquidation.

Participating Preferred Stock

A type of preferred stock that provides dividends and an additional right to participate in the excess profits of the company after the common stock dividends have been paid.

Convertible

Refers to a financial instrument, like a bond or share, that can be transformed into another form of financial asset, like shares of the company's stock.

Dividends Paid

Dividends paid refer to the portion of a company's earnings that is distributed to shareholders as a reward for their investment.