Which of the following statements about a petty cash fund is false? The petty cash account is classified as an asset. The petty cash account is used when the petty cash fund needs to be replenished. Petty cash on hand + total of petty cash slips = total petty cash fund. The entry to establish a petty cash account is a debit to petty cash and a credit to cash. A ledger that lists all account needed to prepare financial statements is called balance sheet general ledger. income summary. special amount column ledger. Which of the following Statements about a "special amount column" is true? Special amount columns are for transactions that occur often. Using a journal that uses special amount columns saves time since the account title does not have to be written for each entry Both A and B are true. None of these are true. A journal amount column that is not headed with an account title is called a special amount column.a posting reference column.a general amount column.none of these. A check endorsement that contains only the endorser's signature is an example of a special endorsement. a blank endorsement. a restrictive endorsement. none of these