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The Petty Cash Fund Should Be Reimbursed at the Time

Question 47

Multiple Choice

The petty cash fund should be reimbursed at the time the financial statements are prepared so that:


A) expenses are not understated and equity overstated.
B) petty cash asset is not overstated and expenses understated.
C) petty cash expenses are not overstated and bank understated.
D) expenses are not overstated and the petty cash asset understated.

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