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Gala2k [10]
3 years ago
6

Which of the following is correct regarding a petty cash fund? A petty cash fund is used for minor purposes. A petty cash fund r

epresents cash on hand at the business for quick access. When cash from this fund is taken out, it should be replaced with a voucher. All of the answers are correct regarding a petty cash fund.
Business
1 answer:
Harlamova29_29 [7]3 years ago
3 0

Answer:

The correct answer is letter "D": All of the answers are correct regarding a petty cash fund.

Explanation:

Petty cash funds are sums of money that are useful for businesses to take care of small payments. These payments are too low to allow a check to be written for payment. In some businesses, each department maintains its own small cash box for expenses such as office supplies per unit.

For accounting purposes, transactions involving petty cash are documented only when the petty cash was totally spent and a new fund is to be created and recorded with a voucher.

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while shopping grey spend 90% of the money she had if she has $4,500 on shopping what was amount of money spent​
goldenfox [79]

Answer:

$4,050

Explanation:

Grey has $4,500 for shopping.

She spent 90%  while on shopping.

The amount spent = 90/100 x $4500

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The current market price of the bond is 103% of their par value

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The market bond convention is to quote the price at which the bond can be bought or sold in the market as a percentage of its par value.

The simple approach is to add a percentage sign to any bond price you are given, which means that 97 price means the bond price is 97% of par value.

In the same vein, 103 price means the quoted price of the bond is 103% of the par value of the bond/

Find a futher guide on bond pricing below:

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Explanation:

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