As the controller of a large company,you notice that the Cash Short or Over account is consistently debited for fairly large sums of cash when the petty cash fund is replenished.You probably will want to
A)increase the amount of the fund.
B)decrease the amount of the fund.
C)find a new custodian for the fund.
D)offer the custodian your congratulations.

Question

Quizplus · Accepted Answer

The consistent debiting of the Cash Short or Over account indicates that there may be some discrepancies in the handling of the petty cash fund. Finding a new custodian for the fund may help solve this issue by introducing new oversight and accountability. Increasing or decreasing the fund amount will not necessarily address the root cause of the problem, and congratulating the custodian without investigating the issue could lead to further financial complications in the future.

As the Controller of a Large Company,you Notice That the Cash