Petty cash is easily misappropriated

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Reference no: EM132790335

Discussion 1

The goal of this discussion is to apply what you have learned while reading the chapter material and reviewing the PowerPoint presentation.

Keep in mind that this discussion question will help prepare you for future exams, so it is important that you understand the information and actively participate in discussions. To supplement your learning and enhance your understanding, you may also have to conduct research outside of course provided material.

1. Petty Cash is easily misappropriated if business processes and internal controls are not established and enforced. Provide and explain a minimum of four controls and/or concepts that will help a company ensure that its petty cash accounts are appropriately used and safeguarded?

Reference no: EM132790335

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