Petty Cash Is Accounted for by Maintaining a Constant Balance

question 100

Multiple Choice

Petty cash is accounted for by maintaining a constant balance in the petty cash account,supported by the fund (cash plus payment tickets) totaling the same amount.What is this system called?

• A) A control system
• B) A voucher system
• C) A balanced system
• D) An imprest system

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Definitions:

Figure Panel

A component of a graphical representation or illustration, often part of a larger series of diagrams or figures in scientific publications.

Metaphase I

A stage of meiosis I during which homologous chromosomes align at the cell's equator before being separated into two daughter cells.

Meiosis

A type of cell division that reduces the genetic material by half, resulting in four genetically distinct haploid cells, essential for sexual reproduction.

Figure Panel

A distinct section within a larger drawing, diagram, or sequence of images, usually in scientific publications, to display data or illustrations.