A Key to Strong Control Over Petty Cash Is to Ensure

question 93

True/False

A key to strong control over petty cash is to ensure that several persons serve as custodian at one time.

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Definitions:

Credit Unions

Member-owned financial cooperatives that provide savings, credit, and other financial services to their members with typically favorable interest rates and terms.

Electronic Fund Transfers

The transfer of money from one account to another, conducted electronically, often through computer systems and without the direct hand-off of physical money.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time, and are transferable from one party to another.

Article 3

Typically refers to a specific section within a legal document or law that outlines certain provisions or regulations. Without more context, it's broad, but in the U.S. Constitution, it establishes the Judicial Branch.