Business, 14.04.2020 21:20 victoriapellam04

Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply. a. It is used to avoid the time and cost of writing checks for small amounts. b. It is an account used to record small sales amounts. c. It is established to pay for small payments like postage, shipping fees, etc. d. It is an expense reported on the income statement. e. It is an asset reported on the balance sheet.

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Review the following statements and select the ones which accurately describe a Petty Cash fund. Sel...

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