Question: 6 of 2 2 Concepts completed Multiple Select Question Select all that apply Review the following statements and select the ones which accurately describe a

6 of 22 Concepts completed
Multiple Select Question
Select all that apply
Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply.
It is established to pay for small payments like low-cost supplies and shipping fees, etc.
It is an expense reported on the income statement.
It is an account used to record small sales amounts.
It is an asset reported on the balance sheet.
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6 of 2 2 Concepts completed Multiple Select

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