Final answer:
In petty cash, it is not possible for the petty cash on hand amount to be more than the recorded amount.
Step-by-step explanation:
In the context of petty cash, it is not possible for the petty cash on hand amount to be more than the recorded amount. The purpose of petty cash is to have a small amount of cash available for minor expenses. The recorded amount should always match the actual cash on hand.
For example, let's say the petty cash fund is initially set at $100. Throughout the month, various small expenses are paid using the petty cash, totaling $50. At the end of the month, the petty cash on hand should be $50, which should also be the recorded amount.
Therefore, the statement 'A petty cash on hand amount that is more than a recorded amount' is False.