A special fund maintained to pay relatively small amounts for expenses, assets, or withdrawals is called a Petty Cash Fund.
Correct Answer:
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Q62: After a bank reconciliation has been completed,
Q63: A business should make all payments by
Q64: A check recorded on a deposit slip
Q65: When a Petty Cash Fund is established,
Q66: A check that is outstanding for two
Q68: A deposit in transit has been recorded
Q69: Petty cash payments do not need to
Q70: The information needed to record journal entries
Q71: The Petty Cash Fund balance of cash
Q72: In preparing a bank reconciliation, a deposit
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