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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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