How do businesses control cash receipts over the counter?

Define Petty Cash.

What types of controls should be in place to make sure people in the office don't just take from petty cash (for their own personal use) whenever they feel like it? In your opinion, what is an appropriate amount to have in petty cash?

Why do you think businesses extend credit to customers thereby creating accounts receivable?

What types of policies, procedures and controls can companies put in place to safeguard, reconcile and trace cash?

Where do I find a businesses internal controls over cash receipts and cash payments?

Whether a customer uses cash, a check, or a debit card to make a purchase, the company records the transaction as a cash sale. True or False

What are the techniques that a company can use to manage cash balances?

What is cash disbursement journal? Why it is useful to auditor in cash audit?