Describe the set-up and accounting process for establishing a petty cash fund.
What will be an ideal response?
A check from the operating checking account is written for an amount that will cover petty cash needs for a time, and the check is cashed. The cash is secured (typically in a lock box). In the accounting ledger, the amount of the check to set-up the petty cash fund is a credit to the checking account cash balance and a debit to the petty cash account.
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Which type of valve has a disk that rotates 90 degrees to open or close the valve?
A. PIV B. Gate C. OS&Y D. Butterfly
When the context characteristics of the presentation and recall conditions in a memory test are considered, memory performance will:
A. Not be affected by the similarity or dissimilarity of the two contexts B. Be better the more similar the two contexts C. Be better the more dissimilar the two contexts D. There is not enough evidence to make a conclusion