A Way to Account for Petty Cash by Maintaining a Constant

question 128

Multiple Choice

A way to account for petty cash by maintaining a constant balance in the petty cash account and which at any time requires that cash plus petty cash tickets must total the amount allocated to the petty cash fund,is known as the ________.

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

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Definitions:

Meeting

A gathering of two or more people convened for the purpose of achieving a common goal through discussion, sharing information, or making decisions.

Work

An activity involving mental or physical effort done in order to achieve a purpose or result, often associated with a profession or occupation.

Late

describes being after the expected, regular, or usual time or the state of delayed timing.

Excuse Game

A behavioral pattern where individuals routinely justify their actions or decisions with excuses, often to avoid responsibility.