What must an individual do when receiving a change fund amount?

What must an individual do when receiving a change fund amount?

• A. Sign a receipt for the amount received.
• B. Sign only if amount is large.
• C. Sign only at month-end.
• D. Signatures are optional.

Answer: (A)

When you receive a change fund amount, the key practice is to create an accountable record. You must sign a receipt for the amount received. This signature confirms you took custody of the funds and provides an exact tally for later reconciliation, creating a traceable record of who received what and when. This requirement applies every time you receive funds, not just for large amounts or at month-end, and signatures are not optional—they are part of the internal controls that protect the cash and ensure accurate cash handling.

When you receive a change fund amount, the key practice is to create an accountable record. You must sign a receipt for the amount received. This signature confirms you took custody of the funds and provides an exact tally for later reconciliation, creating a traceable record of who received what and when. This requirement applies every time you receive funds, not just for large amounts or at month-end, and signatures are not optional—they are part of the internal controls that protect the cash and ensure accurate cash handling.