164.Describe a petty cash account and its purpose. 165.Describe a bank reconciliation and discuss its purpose. 166.When using a voucher system, what are the steps on the invoice...

164.Describe a petty cash account and its purpose.

165.Describe a bank reconciliation and discuss its purpose.

166.When using a voucher system, what are the steps on the invoice approval checklist that must be completed before an invoice approval is complete and a voucher prepared?

167.Describe the net method of accounting for purchases. Why might companies use the net method?