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Review the subsequent statements pertaining to a petty cash fund Utilized in a company. Choose the one that is proper.
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The sum of all petty cash receipts in addition the remaining cash should really equal the whole of the fund volume at any given time.
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Determine which in the statements down below are correct relating to how a petty cash fund is made and Employed here in a business. (Check all of that utilize.)
The fund was at first established with $a hundred. Display the journal entry to replenish the account by selecting the appropriate actions from Those people beneath. (Examine all that implement.)
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Determine which of your statements underneath are correct relating to how a petty cash fund is produced and Employed in a business. (Verify all that utilize.)
Kiah Treece is a small small business owner and private finance expert with working experience in loans, organization and personal finance, coverage and real estate. Her target is on demystifying credit card debt to help you individuals and business owners get control of their fina...