Which of the Following Is NOT Involved in the Replenishment

question 78

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.

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Definitions:

Corporate Management

The executives and senior officials responsible for leading and managing a corporation, including its strategies, operations, and policies.

Day-To-Day Business

Refers to the regular, routine operations and activities carried out by a business or organization to maintain its function.

Responsible Person Doctrine

A legal principle that holds an individual in a business or enterprise accountable for ensuring compliance with tax laws and regulations.

Acting in Good Faith

A principle of honesty and fairness in dealings, implying the absence of fraud, deceit, or intent to deceive in a transaction or interaction.