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INTERNAL CONTROL AND CASH

INTERNAL CONTROL AND CASH. STUDY OBJECTIVES After studying this chapter, you should understand:. STUDY OBJECTIVE 1 DEFINITION OF INTERNAL CONTROL. The plan of organization and all related methods and measures adopted by a business in order to:. Safeguard assets. Enhance accuracy

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Accounting 3

Accounting 3. Chapter 18 Section 3. Petty Cash. A petty cash fund enables a business to pay cash for small expenses where it is not practical to write a check. If the petty cash on hand is less than the amount recorded, the fund is Cash Short .

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Replenish petty cash fund - PowerPoint PPT Presentation

INTERNAL CONTROL AND CASH

Accounting 3