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Select which in the statements underneath are precise regarding how a petty cash fund is developed and Utilized in a business. (Check all that apply.)
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The sum of all petty cash receipts in addition the remaining cash should equal the overall of the fund total at any supplied time.
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It started out out with $100 inside the fund at first on the month. Show the journal entry to replenish the account by choosing the right motion from Those people supplied under.
The sum of all petty cash receipts additionally the remaining cash really should equivalent the overall in the fund amount at any provided time.
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Jordan Tarver has invested seven several years masking property finance loan, individual mortgage and organization personal loan content material for primary economic publications for example Forbes Advisor. He blends understanding from his bachelor's degree in company finance, his practical experience as being a best perf...