Multiple Choice
When a petty cash fund is in use:
A) Expenses paid with petty cash are recorded when the fund is replenished.
B) Petty Cash is credited when funds are replenished.
C) Petty Cash is debited when funds are replenished.
D) Expenses paid with petty cash are recorded when the fund is replenished and petty cash is debited when funds are replenished.
E) Expenses paid with petty cash are recorded when the fund is replenished and petty cash is credited when funds are replenished.
Correct Answer:
Verified
Correct Answer:
Verified
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