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  3. Study Set
    College Accounting
  4. Exam
    Exam 8: Banking Procedures and Control of Cash
  5. Question
    The Entry to Establish the Petty Cash Fund Was Not
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The Entry to Establish the Petty Cash Fund Was Not

Question 71

Question 71

Multiple Choice

The entry to establish the petty cash fund was not completed. This would cause


A) cash to be understated.
B) cash to be overstated.
C) assets to be understated.
D) assets to be overstated.

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