3 Questions
What is the purpose of the day book in petty cash operations?
To verify the residual balance in petty cash
What is the purpose of the cash order form in petty cash operations according to the text?
To keep records of inflows and outflows of money from petty cash
What is the purpose of the internal act in petty cash operations according to the text?
To regulate the amount of petty cash maximum
Test your knowledge on petty cash operations with this quiz! Learn about the different types of cash counters and how they relate to financial book keeping records. This quiz will help you understand the importance of maintaining accurate petty cash records within a legal entity. Keywords: petty cash, cash counters, financial book keeping, legal entity.
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