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AccountingCornerstones of Financial Accounting4th Edition

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Chapter 4, Problem 15MCQ
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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

Solutions

Chapter
Section
Problem 1DQ
Problem 2DQ
Problem 3DQ
Problem 4DQ
Problem 5DQ
Problem 6DQ
Problem 7DQ
Problem 8DQ
Problem 9DQ
Problem 10DQ
Problem 11DQ
Problem 12DQ
Problem 13DQ
Problem 14DQ
Problem 15DQ
Problem 16DQ
Problem 17DQ
Problem 18DQ
Problem 19DQ
Problem 20DQ
Problem 21DQ
Problem 22DQ
Problem 1MCQ
Problem 2MCQ
Problem 3MCQ
Problem 4MCQ
Problem 5MCQ
Problem 6MCQ
Problem 7MCQ
Problem 8MCQ
Problem 9MCQ
Problem 10MCQ
Problem 11MCQ
Problem 12MCQ
Problem 13MCQ
Problem 14MCQ
Problem 15MCQ
Problem 16CE
Problem 17CE
Problem 18CE
Problem 19CE
Problem 20CE
Problem 21CE
Problem 22CE
Problem 23CE
Problem 24CE
Problem 25BE
Problem 26BE
Problem 27BE
Problem 28BE
Problem 29BE
Problem 30BE
Problem 31BE
Problem 32BE
Problem 33BE
Problem 34BE
Problem 35BE
Problem 36BE
Problem 37BE
Problem 38BE
Problem 39E
Problem 40E
Problem 41E
Problem 42E
Problem 43E
Problem 44E
Problem 45E
Problem 46E
Problem 47E
Problem 48E
Problem 49E
Problem 50E
Problem 51E
Problem 52E
Problem 53E
Problem 54E
Problem 55APSA
Problem 56APSA
Problem 57APSA
Problem 58APSA
Problem 59APSA
Problem 60APSA
Problem 61APSA
Problem 55BPSB
Problem 56BPSB
Problem 57BPSB
Problem 58BPSB
Problem 59BPSB
Problem 60BPSB
Problem 61BPSB
Problem 62.1C
Problem 62.2C
Problem 62.3C
Problem 62.4C
Problem 63.1C
Problem 63.2C
Problem 64.1C
Problem 64.2C
Problem 65C
Problem 66.1C
Problem 66.2C
Problem 67.1C
Problem 67.2C
Problem 68.1C
Problem 68.2C
Problem 68.3C
Problem 68.4C
Problem 69.1C
Problem 69.2C
Problem 69.3C
Problem 69.4C
Problem 70.1C
Problem 70.2C
Problem 70.3C
Problem 70.4C
BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
41 views

Which one of the following statements is true?

  1. Sound internal control practice dictates that cash disbursements should be made by check, unless the disbursement is very small.
  2. Petty cash can be substituted for a checking account to expedite the payment of all disbursements.
  3. Good cash management practices dictate that a company should maintain as large a balance as possible in its cash account.
  4. The person handling the cash should also prepare the bank reconciliation.

To determine

To choose: Which statement is better for company.

Explanation

Explanation for correct answers:

Option (a) This statement is correct because all payment should be paid only by check unless the payment amount is less. because company need cash on daily basic for small transaction.

Explanation for incorrect answers:

Option (b) Normally business to be paid the cash payment for small expense because these expense amounts are small so cash manager have sufficient cash for these expenses...

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Chapter 4 Solutions

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Ch-4 P-1DQCh-4 P-2DQCh-4 P-3DQCh-4 P-4DQCh-4 P-5DQCh-4 P-6DQCh-4 P-7DQCh-4 P-8DQCh-4 P-9DQCh-4 P-10DQ
Ch-4 P-11DQCh-4 P-12DQCh-4 P-13DQCh-4 P-14DQCh-4 P-15DQCh-4 P-16DQCh-4 P-17DQCh-4 P-18DQCh-4 P-19DQCh-4 P-20DQCh-4 P-21DQCh-4 P-22DQCh-4 P-1MCQCh-4 P-2MCQCh-4 P-3MCQCh-4 P-4MCQCh-4 P-5MCQCh-4 P-6MCQCh-4 P-7MCQCh-4 P-8MCQCh-4 P-9MCQCh-4 P-10MCQCh-4 P-11MCQCh-4 P-12MCQCh-4 P-13MCQCh-4 P-14MCQCh-4 P-15MCQCh-4 P-16CECh-4 P-17CECh-4 P-18CECh-4 P-19CECh-4 P-20CECh-4 P-21CECh-4 P-22CECh-4 P-23CECh-4 P-24CECh-4 P-25BECh-4 P-26BECh-4 P-27BECh-4 P-28BECh-4 P-29BECh-4 P-30BECh-4 P-31BECh-4 P-32BECh-4 P-33BECh-4 P-34BECh-4 P-35BECh-4 P-36BECh-4 P-37BECh-4 P-38BECh-4 P-39ECh-4 P-40ECh-4 P-41ECh-4 P-42ECh-4 P-43ECh-4 P-44ECh-4 P-45ECh-4 P-46ECh-4 P-47ECh-4 P-48ECh-4 P-49ECh-4 P-50ECh-4 P-51ECh-4 P-52ECh-4 P-53ECh-4 P-54ECh-4 P-55APSACh-4 P-56APSACh-4 P-57APSACh-4 P-58APSACh-4 P-59APSACh-4 P-60APSACh-4 P-61APSACh-4 P-55BPSBCh-4 P-56BPSBCh-4 P-57BPSBCh-4 P-58BPSBCh-4 P-59BPSBCh-4 P-60BPSBCh-4 P-61BPSBCh-4 P-62.1CCh-4 P-62.2CCh-4 P-62.3CCh-4 P-62.4CCh-4 P-63.1CCh-4 P-63.2CCh-4 P-64.1CCh-4 P-64.2CCh-4 P-65CCh-4 P-66.1CCh-4 P-66.2CCh-4 P-67.1CCh-4 P-67.2CCh-4 P-68.1CCh-4 P-68.2CCh-4 P-68.3CCh-4 P-68.4CCh-4 P-69.1CCh-4 P-69.2CCh-4 P-69.3CCh-4 P-69.4CCh-4 P-70.1CCh-4 P-70.2CCh-4 P-70.3CCh-4 P-70.4C

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