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  3. Study Set
    Accounting Study Set 4
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    Exam 8: Internal Control and Cash
  5. Question
    In Establishing a Petty Cash Fund, a Check Is Written
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In Establishing a Petty Cash Fund, a Check Is Written

Question 33

Question 33

True/False

In establishing a petty cash fund, a check is written for the amount of the fund and is recorded as a debit to Accounts Payable and a credit to Petty Cash.

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