Unformatted text preview: In all the other transactions there is some type of accountability, check and balance and verification involved. If a company chooses to make small cash disbursements directly from the current days cash receipts it would make the reconciliation process pretty tedious and time consuming. Additionally, there is no proper trail and which could leave room for errors and fraud if not reviewed regularly....
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- Fall '09
- Financial Accounting, Generally Accepted Accounting Principles, small cash disbursements