Multiple Choice
Which of the following statements is false?
A) The imprest petty cash system in effect adheres to the rule of disbursement by check.
B) Entries are made to the Petty Cash account only to increase or decrease the size of the fund or to adjust the balance if not replenished at year-end.
C) The Petty Cash account is debited when the fund is replenished.
D) All of these answers are false.
Correct Answer:
Verified
Correct Answer:
Verified
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