Petty Cash Funds and Bookkeeping Systems
1. Discuss what a petty cash fund is and why this is needed within a medical practice.
2. Describe the seven main steps for maintaining a petty cash fund.
3. Discuss the two main ways bookkeeping can be completed. Which method do you feel is easier to work with and why?
4. Your response should be well supported through both textbook and supplemental readings. Complete this exercise in short essay form and adhere to APA format including references.