Question 1 what is a petty cash fund2 describe how, Ask an Expert

Finance

Question: 1. What is a petty cash fund?

2. Describe how management maintains control over the petty cash fund.

3. The change in cash for the year can be calculated by comparing the balance of cash reported in this year's and last year's balance sheet. Why is the statement of cash flows needed?

4. Describe the operating, investing, and financing sections of the statement of cash flows.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92328711

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