The Purpose of a Petty Cash Fund Is to Eliminate

question 19

True/False

The purpose of a petty cash fund is to eliminate the need for control over a business's small cash disbursements.

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Definitions:

Undervalued

A financial term referring to an asset or security whose price is perceived to be less than its intrinsic or fair value.

Compromise Dividend Policy

A dividend policy that seeks a balance between keeping shareholders happy with regular dividends and reinvesting earnings into the company.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.