A petty cash fund is: a. used to pay relatively small amounts. b. established by estimating the

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A petty cash fund is:

a. used to pay relatively small amounts.

b. established by estimating the amount of cash needed for disbursements of relatively small amounts during a specified period.

c. reimbursed when the amount of money in the fund is reduced to a predetermined minimum amount.

d. all of the above.

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Financial And Managerial Accounting

ISBN: 9781337902663

15th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler

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Question Posted: Feb 06, 2024 01:36 PM

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A petty cash fund is: a. used to pay relatively small amounts. b. established by estimating the

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d To avoid the delay annoyance and expense that is associated with paying all obl...View the full answer

Financial And Managerial Accounting

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