The petty cash fund eliminates the need for a bank checking account.

The petty cash fund eliminates the need for a bank checking account.
 a. True
  b. False
 
   Indicate whether the statement is true or false

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(Q. 2) _____________________________ _ is a process that employs mathematical algorithms and encryption keys to encode data (i.e., change un-encoded data, called plaintext, to a coded text form, called ciphertext) so that it is unintelligible.
 Fill in the blank(s) with correct word

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(Q. 3) Magic Cow Co. made a sale for 5,000 to a customer who paid with MasterCard. MasterCard charges Magic Cow a fee of 3 of sales. How much sales revenue will Magic Cow record?
 
  A) 5,000
  B) 4,850
  C) 150
  D) 5,150

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(Q. 4) Sales Returns and Allowances is debited for the selling price, including sales tax, of any merchandise returned by customers.
 a. True
   b. False
   Indicate whether the statement is true or false

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(Q. 5) Callable bonds give the bondholder the option of exchanging the bond for common stock.
 
  Indicate whether the statement is true or false

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(Q. 6) A petty cash fund is used to pay relatively large amounts.
 a. True
  b. False
 
   Indicate whether the statement is true or false