Petty cash is used to ________. A. Avoid having to use checks frequently B. Make small payments

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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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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 11, 2022 11:21 PM

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Petty cash is used to ________. A. Avoid having to use checks frequently B. Make small payments

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C Avoid having to retain receipts because the amounts are very small ...View the full answer

Principles Of Accounting Volume 1 Financial Accounting

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