Question: 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

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.
Multiple select question.
It is an expense reported on the income statement.
It is an asset reported on the balance sheet.
It is an account used to record small sales amounts.
It is established to pay for small payments like low-cost supplies and shipping fees, etc.

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