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Petty cash is operated on an imprest system, which means that: Question 1Select...

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Question

Accounting

Petty cash is operated on an imprest system, which means that:
Question 1Select one:
a.
The cash is only used when the company runs out of checks
b.
The cash spent is limited to the amount available in the petty cash fund
c.
Receipts from purchases with petty cash are not required
d.
There is only one person responsible for the cash.

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