While reviewing the petty cash drawer tania realizes that 5


Question -

Tania Washington is a medical office co-manager for Pearson Physicians Group. She is in charge of managing the financial matters of the group practice. It is the end of the day, and Tania needs to collect the deposit slip, checks, and petty cash drawer from the front office. Susan hands Tania all the materials and leaves work for the day.

Questions:

  • As Tania reviews the checks for deposit, she realizes that one of the checks collected for a patient's copayment is postdated two days in advance. The office has a clear policy regarding not accepting postdated checks. The deposit slip, which today lists 18 checks, already includes the postdated check. What should Tania do?
  • While reviewing the petty cash drawer, Tania realizes that $5 is missing and unaccounted for. How should Tania handle this situation?

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Accounting Basics: While reviewing the petty cash drawer tania realizes that 5
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