At time of replenishment of the petty cash fund, all expenses are debited (by category) and a
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At time of replenishment of the petty cash fund, all expenses are debited (by category) and a credit to Cash (a new check) results. This replenish¬ ment, when journalized and posted, updates the ledger from the journal.
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Related Book For
College Accounting A Practical Approach Chapters 1-26
ISBN: 9780130911421
8th Edition
Authors: Jeffrey Slater
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