0
Control over your cash is important because you won't overspend. If you overspend, it could lead to you bouncing checks.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What are the 3 controls over petty cash?
The major controls over petty cash are the control over safekeeping, approval for disbursement and recociliation.
What are the weakness in internal control over cash disbursements?
It's important to have good controls over your cash. Otherwise, you may find your cash disappearing! A few examples include ensuring only certain people in the company are signatories (i.e. can sign checks), have access to bank account information, and can create bank accounts. Cash is critical to running your business so it's important you have good controls to protect your cash!!
Cash flow management?
Cash flow management is the process businesses use to ensure they have control over their finances. The finance or accounting department is over cash flow management.
An application of good internal control over cash disbursements is...?
following payment, the approved invoice should be stamped "paid"
What are the advantages of a Imprest system for petty cash?
An Imprest system of petty cash is used for more control over cash in hand. In an Imprest system, the amount in hand plus the amount of all receipts should be equal to petty cash balance. If at any time cash in hand and receipts do not equal the fixed amount of petty cash, then investigation should be done about the discrepancy.
What are the controls over petty cash?
The major controls over petty cash are the control over safekeeping, approval for disbursement and recociliation.
What are the 3 controls over petty cash?
The major controls over petty cash are the control over safekeeping, approval for disbursement and recociliation.
What are the weakness in internal control over cash disbursements?
It's important to have good controls over your cash. Otherwise, you may find your cash disappearing! A few examples include ensuring only certain people in the company are signatories (i.e. can sign checks), have access to bank account information, and can create bank accounts. Cash is critical to running your business so it's important you have good controls to protect your cash!!
Cash flow management?
Cash flow management is the process businesses use to ensure they have control over their finances. The finance or accounting department is over cash flow management.
Why is Poseidon one of the important gods?
In Greek Mythology there were three main gods. Zeus had control over the skies, Poseidon had control had control over the seas, and Hades had control over hell.
Is it important that no branch has complete control over whether a bill becomes a law?
Yes! It's VERY important that no branch has complete control over wheather a bill becomes a bill!
How did the Europeans gain control over the Native Americans?
The Europeans gained control over the Native Americans by taking their land and their important riches.
An application of good internal control over cash disbursements is...?
following payment, the approved invoice should be stamped "paid"
What do you call left over cash?
left over cash
What is Kenya's most important cash crop?
Kenya's most important cash crop is tea. Tea exports in 2001 were reported to be over $400 million dollars. 18% of Kenya's total exports come from its tea.
What is colombias most important cash crop?
Coffee is Colombia's most important cash crop.
What are the 5 key control objectives in cash payments?
list 5 key control objectives in a cash payment system
