Answer:
Explanation:
Internal processes of a company contribute to how effective the company runs. Looking for areas and ways to improve the internal processes will aid in building an organization that is highly efficient. The major causes needs to be known.
Ways of identifying the root causes might not be possible until basic analysis is carried out or sometimes it might be visible depending on the major problem facing the organization internally.
Internal process of a company increase the effectiveness of such company, identifying how to improve these internal processes helps to build an organization that is highly efficient.
Answer:
All of these answers is correct.
Explanation:
If Petty Cash is not replenished at the end of the accounting period:
- the balance sheet would show an overstated cash asset.
- expenses would not be recorded in the period in which they were incurred.
- the income statement would reflect a net income amount that was too high.
<h3>What happens when petty cash is not replenished?</h3><h3 />
Because the cash that was meant to go to the petty cash was not taken from the cash account, this account will have more than it should (overstated).
The expenses which were incurred and recorded in the petty cash would not be accounted for which means that the income would be overstated as these expenses were not deducted from it.
Find out more on the petty cash at brainly.com/question/17439772.
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