Determine which of the statements below are accurate regarding how a petty cash fund is created and used in a business. (Check all that apply.) A. When the fund is replenished, the Petty Cash fund account is debited.
B. Any employee may disburse cash from the fund as long as they bring back a receipt for their purchase.
C. The petty cashier is responsible for making payments from the petty cash fund.
D. The petty cashier is responsible for keeping the cash in the fund safe.
E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time
F. A check is drawn by the company cashier to establish the petty cash fund

Options C,D,E and F are correct

Explanation:

Petty cash fund is used to provide sufficient cash to business units to spend on minor expenditures such as postage, taxi fares, etc.

The following statements are accurate regarding how a petty cash fund is created and used in a business:

C. The petty cashier is responsible for making payments from the petty cash fund.

D. The petty cashier is responsible for keeping the cash in the fund safe.

E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time

F. A check is drawn by the company cashier to establish the petty cash fund

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

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