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A: The corporation maintains availability of little volume to pay for each day expenses in the form of petty cash.
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A: Daily expenses of the firm was managed by maintaining helpful petty cash fund by which all the…
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Report the following transactions: A. Started more info off a petty cash fund in the amount of $575 B. Replenished petty cash fund
A: The petty cash fund is set up to maintain the cash equilibrium for scaled-down cash transactions with the…
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