The cash disbursements system processes the payment of obligations created in the purchases system.Select one:TrueFalse

The cash disbursements process begins in the accounts payabledepartment by identifying items that have come due.Select one:TrueFalse

Control over cash disbursements is generally more effective when: Group of answer choices payments are made by cheque. all bills are paid in cash. all purchases are made on credit. disbursements are made by the accounts payable subsidiary clerk.

When a company makes a sale and accepts a credit card payment from a customer, the company:Group of answer choicescredits accounts receivable.debits cash.credits cash.debits accounts receivable.

What is occurring if a company is debiting Cash and crediting Notes Receivable?Multiple choice question.It is collecting the principal on amounts lent earlier.It is borrowing money.It is paying amounts owed on amounts borrowed earlier.It is lending money.

Select all that applyDetermine which of the statements below are accurate regarding how a petty cash fund is created and used in a business. (Check all that apply.)Multiple select question.A check is drawn by the company cashier to establish the petty cash fund.The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time.The petty cashier is responsible for making payments from the petty cash fund.Any employee may disburse cash from the fund as long as they bring back a receipt for their purchase.The petty cashier is responsible for keeping the cash in the fund safe.When the fund is replenished, the petty cash fund account is debited.