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Opening a Petty Cash Fund a. Which accounts are debited and credited to establish a
Chapter 22, Problem 4(choose chapter or problem)
QUESTION:
Opening a Petty Cash Fund
a. Which accounts are debited and credited to establish a petty cash fund?
b. To whom is the check to establish a petty cash fund made payable?
Questions & Answers
QUESTION:
Opening a Petty Cash Fund
a. Which accounts are debited and credited to establish a petty cash fund?
b. To whom is the check to establish a petty cash fund made payable?
ANSWER:Step 1 of 3
Petty cash disbursement is used for petty cash payments to settle small expenses. Petty cash disbursement represents all the payments made from the petty cash fund.