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Which of the following statements about a petty cash system is true? An imprest petty cash system is more impractical than disbursement by check. If
Which of the following statements about a petty cash system is true? An imprest petty cash system is more impractical than disbursement by check. If cash proves out short the company credits the shortage to Cash Over and Short. The company closes Cash Over and Short only at the end of the year. The Petty Cash account is debited when the fund is replenished. 
Which of the following statements about a petty cash system is true?
An imprest petty cash system is more impractical than disbursement by check.
If cash proves out short the company credits the shortage to Cash Over and Short.
The company closes Cash Over and Short only at the end of the year.
The Petty Cash account is debited when the fund is replenished.
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th edition
1337270598, 978-1337270595
