Petty cash is used to ________. A. Avoid having to use checks frequently B. Make small payments
Question:
Petty cash is used to ________.
A. Avoid having to use checks frequently
B. Make small payments
C. Avoid having to retain receipts because the amounts are very small
D. Avoid having to get approvals due to the small amount of cash being paid
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C Avoid having to retain receipts because the amounts are very small ...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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