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Petty cash payments are recorded in the accounting system when: A. a payment is made out of petty cash. B. the petty cash fund needs

Petty cash payments are recorded in the accounting system when:

A. a payment is made out of petty cash.

B. the petty cash fund needs to be replenished.

C. a bank reconciliation is prepared for the petty cash fund.

D. cash is received from returns of merchandise.

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