Which of the following would not be a valid reason for keeping currency on hand at a place of business?
A)To pay small,unforeseen expenses
B)To make up for any imbalance in the books
C)To advance money to sales reps for travel expenses
D)To provide money for cash registers

Question

Quizplus · Accepted Answer

Keeping currency on hand to make up for any imbalance in the books would not be a valid reason, as it suggests improper financial practices or accounting errors that should be addressed and corrected, not masked with physical cash.

Which of the Following Would Not Be a Valid Reason