Which of the following statements about a petty cash fund is not true? a. The fund is
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Which of the following statements about a petty cash fund is not true?
a. The fund is managed on an imprest basis.
b. The fund is used to pay for minor items such as postage and delivery charges.
c. The fund should have a balance large enough to support one replenishment per year.
d. All replenishments are made by check.
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