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A Company's Petty Cash Fund

Question 97

Multiple Choice

A company's petty cash fund:


A) cannot be replaced by the use of debit cards.
B) is kept by two or more employees to ensure that disbursements can readily be made.
C) is opened with a particular amount of cash.
D) balance equals the cash left in the petty cash fund minus the total of the paid vouchers in the cash box.

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