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Fayol believed that the amount of decision-making power vested in top management should be the same in all situations.
Cash Overage
A situation where the amount of cash on hand exceeds the expected amount, often referring to excess cash reported in a cash register.
Petty Cash Account
A small fund kept on hand for minor or incidental expenses, managed through a system of vouchers for tracking outflows.
Receipts
Documents acknowledging the receipt of payment for goods or services received.
Currency
The system of money in general use in a particular country.
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