Accounting 10, 20, 30
Course Configurations
Investigate the purpose of having a petty cash fund.
Indicators for this outcome
| (a) | Define petty cash fund and recognize the advantages of having such an account. |
| (b) | Justify practices for establishing and replenishing a petty cash fund. |
| (c) | Carry out a transaction in which petty cash is used as payment. |
| (d) | Discuss how a petty cash system can be adapted to different organizations and businesses. |
| (e) | Summarize and explain good cash control procedures within personal, community, and business situations. |
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