Determine which of the statements below are accurate regarding how a petty cash fund is created and used in a business. (Check all that apply.) A. When the fund is replenished, the Petty Cash fund account is debited.
B. Any employee may disburse cash from the fund as long as they bring back a receipt for their purchase.
C. The petty cashier is responsible for making payments from the petty cash fund.
D. The petty cashier is responsible for keeping the cash in the fund safe.
E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time
F. A check is drawn by the company cashier to establish the petty cash fund

Options C,D,E and F are correct

Explanation:

Petty cash fund is used to provide sufficient cash to business units to spend on minor expenditures such as postage, taxi fares, etc.

The following statements are accurate regarding how a petty cash fund is created and used in a business:

C. The petty cashier is responsible for making payments from the petty cash fund.

D. The petty cashier is responsible for keeping the cash in the fund safe.

E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time

F. A check is drawn by the company cashier to establish the petty cash fund

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

a.