When a Petty Cash Fund is reimbursed, the Petty Cash Fund account is credited for the amount paid out of the fund.

Name: When a Petty Cash Fund is reimbursed, the Petty Cash Fund account is credited for the amount paid out of the fund.
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Question

Quizplus · Accepted Answer

When a Petty Cash Fund is reimbursed, the Petty Cash Fund account is not affected; instead, the expenses are recorded in their respective accounts, and the Cash account is credited.

When a Petty Cash Fund Is Reimbursed, the Petty Cash