The custodian of the petty cash fund has the responsibility of recording a journal entry every time cash is used from the fund.

Name: The custodian of the petty cash fund has the responsibility of recording a journal entry every time cash is used from the fund.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

The custodian of the petty cash fund is responsible for disbursing cash and maintaining the petty cash voucher receipts, but recording journal entries is typically the responsibility of the accounting department.

The Custodian of the Petty Cash Fund Has the Responsibility