Solved

When a Petty Cash Fund Is in Use

Question 44

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 debited when funds are replenished.
C) Petty Cash is credited when funds are replenished.
D) expenses are not recorded.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions