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  3. Study Set
    Accounting Study Set 1
  4. Exam
    Exam 8: Internal Control and Cash
  5. Question
    The Journal Entry to Open a New Petty Cash Fund
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The Journal Entry to Open a New Petty Cash Fund

Question 183

Question 183

True/False

The journal entry to open a new petty cash fund includes a debit to the Petty Cash account and a credit to the Cash account.

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