The Petty Cash Fund at Bryan Company Has a Designated

question 34

Multiple Choice

The petty cash fund at Bryan Company has a designated balance of $300.The fund currently holds $133 in cash and $172 in petty cash tickets.Based on this information,which of the following statements is correct?

• A)The total of the cash on hand plus petty cash tickets is more than the designated fund balance.
• B)A shortage of $5 exists.
• C)To replenish the petty cash fund,the company must write a check,payable to Petty Cash,for $172.
• D)The petty cash fund custodian must locate the $5 discrepancy.

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Definitions:

Distributes Data

The act of sharing or spreading information across various users, systems, or locations.

Analyzes

The process of examining data, statements, or documents to extract insights, make predictions, or support decision-making.

Information Technology

The use of computers, networking, and software to store, process, and transmit data, as well as to solve problems and create value in various contexts.

Supply Chain Management

The strategic linking of all operations dealing with resource supplies.