Accountancy, asked by arshcyrus, 4 months ago

who is designated to bear the responsibility for petty cash?

Answers

Answered by ryanbella70

0

Answer:

The custodian

Explanation:

Answered by kd1030601

11

Answer:

University Policy 1506: Imprest Balances Petty Cash mandates the custodian is responsible for controlling and safeguarding the petty cash account. If a department demonstrates the need for more than one person to have access to petty cash, it should establish a new petty cash fund with a different custodian.

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