Which of the Following Statements Is Correct Concerning a Petty

question 98

Multiple Choice

Which of the following statements is correct concerning a Petty Cash Fund?

• A) When reimbursing the Petty Cash Fund, the Petty Cash Fund account would be debited.
• B) If no change is made in the size of the fund, the Petty Cash Fund account is debited only when the fund is first established.
• C) If the Petty Cash Fund amount is decreased, the Petty Cash Fund account would be debited.
• D) The Petty Cash Fund is not listed on the financial statements.

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Definitions:

Workplace Bullying

It refers to repeated, unreasonable actions of individuals (or a group) directed towards an employee (or a group of employees), which are intended to intimidate, degrade, humiliate, or undermine; or which create a risk to the health or safety of the employee(s).

Surprise Meetings

Unplanned or unannounced meetings, which can be used as a tactic for various purposes, including audits or to catch someone off guard.

Fraudulent Activity

Deliberate deception practiced to secure unfair or unlawful gain, often involving financial or personal information theft.

Employee Assists

Programs or services provided by employers to support the well-being and productivity of employees, including mental health support, financial counseling, and legal assistance.