Multiple Choice
When a petty cash fund is in use:
A) Expenses paid with petty cash are recorded only when the fund is reimbursed.
B) Petty Cash is debited when funds are reimbursed.
C) Petty Cash is credited when funds are reimbursed.
D) Expenses are not recorded.
E) Cash is debited when funds are reimbursed.
Correct Answer:
Verified
Correct Answer:
Verified
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