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The Entry at the End of the Month to Reimburse

Question 32

Multiple Choice

The entry at the end of the month to reimburse the petty cash for the amount spent is which of the following?


A) Debit petty cash asset; credit bank
B) Debit bank; credit petty cash asset
C) Debit petty cash asset; credit petty cash expenses
D) Debit petty cash expenses; credit bank

Correct Answer:

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