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:

Countryside

Areas of land that are outside of cities and towns, often characterized by natural landscapes, farms, and small communities.

Vague Words

Terms or phrases that lack specificity and clarity, often leading to ambiguity or misunderstanding.

Homecoming Party

A celebratory event marking the return of someone to their home or community, often involving festivities and social gathering.

Potato Salad

A cold dish made from boiled potatoes mixed with various ingredients like mayonnaise, mustard, onions, and herbs.