Which of the Following Is NOT Involved in the Replenishment

question 151

Multiple Choice

Which of the following is NOT involved in the replenishment of the petty cash fund?

• A)Transactions related to vouchers will be recorded.
• B)Management will verify that the total of all vouchers equals the amount of cash missing from the petty cash fund.
• C)Weekly payroll checks will be recorded.
• D)Management will withdraw cash from the bank and place it in the petty cash fund.

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Definitions:

Diversification

A risk management strategy that mixes a wide variety of investments within a portfolio.

Insurance

A financial product sold by insurance companies to safeguard against the risk of financial losses, both big and small.

Reducing Risk

Strategies and actions taken to minimize potential losses or the likelihood of undesirable outcomes in investment, operational, and financial activities.

Demand Curve

A visual chart that illustrates the connection between a product's price and the amount of it consumers want to buy.