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1. Dr. Foot forgot to go to the bank on the way to the office, so he has asked you to go into the petty cash fund so that he can have money for lunch. The petty cash is actually his money, so why shouldn’t you just give him the money? What do you need to do to be sure the petty cash fund is correctly accounted?

Respuesta :

kittycat586

Answer:

By giving him alllllll his money and going to every ones house and seeing if they have any

Explanation:

shivjimishraVT

The things that needed to do to be sure the petty cash fund is correctly accounted for are given below:

  • Purchase a lockbox.
  • Assign responsibility to some authority.
  • Store the box and set a limit.
  • When have extra cash, deposit it into a petty cash fund.
  • Create a transactional login system.

What do you mean by the petty cash fund?

The petty cash fund may be defined as the nominal sum which is preserved in hand to cover minor expenses, such as reimbursements or other office-related expenses.

The above-described processes are needed to sure the petty cash fund is correctly accounted for. All such steps are mandatory for doing transactions to or from with petty cash funds.

Therefore, it is justified and briefly described above.

To learn more about the Petty cash funds, refer to the link:

https://brainly.com/question/6893535

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