establishing the change fund change fund asset is
Establishing the Change Fund
Change Fund (asset) is debited and Cash is credited. Only time this fund would be used is if the fund is established or increased, just like Petty Cash fund.
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what is internal control - control of cashinternal control refers to procedures and methods a business uses to protect its assetschecks are written
explain about the petty cashpetty cash it is a small amount of money which is kept in the office for making small expenditures 10 25 50 etc business
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what is the change fundbusiness that have many cash transactions generally establish this fund which is an amount of money which is placed in the
establishing the change fund change fund asset is debited and cash is credited only time this fund would be used is if the fund is established or
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determine the purchasing proceduresalarge company would use a purchasing agent who heads purchasing department small companies would use managerowner
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