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The sum of all petty cash receipts furthermore the remaining cash should really equal the whole with the fund quantity at any supplied time.
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The petty cashier have to present all paid out receipts to the company cashier so as to replenish the fund.
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Any employee may disburse cash from your fund provided that they bring about again a receipt for his or her purchase.
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Decide which in the statements under are correct concerning how a petty cash fund is produced and Employed in a company. (Check out all of that apply.)
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