Petty Cash Funds and Bookkeeping Systems

  1. Discuss what a petty cash fund is and why this is needed within a medical practice.
  2. Describe the seven main steps for maintaining a petty cash fund.
  3. Discuss the two main ways bookkeeping can be completed. Which method do you feel is easier to work with and why?

Provide your responses, with supported information from your textbook and any other research material of your choice. Your responses should be in short essay form and adhere to APA format including references.

Preparing a Bank Deposit

List the steps to preparing a bank deposit slip. Highlight any and all crucial steps in the process.