InterviewSolution
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InterviewSolution
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Define Reconciliation? |
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Answer» Enact a PROCEDURE whereby an accounting person PERIODICALLY EXAMINES the amount of cash and receipts in each PETTY cash BOX to see if the total matches the original amount of funding established for the box, and to reconcile any variances. Enact a procedure whereby an accounting person periodically examines the amount of cash and receipts in each petty cash box to see if the total matches the original amount of funding established for the box, and to reconcile any variances. |
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