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Basic Cash Control: Principles & Practices Answer 4

Exercise Answer
Principles & Practices Answer 4

Correct Answer - b.  Document the difference, and report the loss to your supervisor. Then complete the appropriate deposit form/slip.

  • It's important for your supervisor to be aware of all losses, so that she/he can track their occurrence. A pattern of consistent days when the cash is short may indicate a problem. In general, the expectation is that days when the cash is short will be offset with days when the cash is over.
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