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When is a petty cash account debited?
Question 1
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When is a petty cash account debited?
When the fund is established and every time money is spent
When the fund is established and every time it is replenished
When the fund is established and when the size of the float is decreased
Every
time money is drawn from the petty cash
Answer Details
Read lesson note on Miscellaneous Accounts (WAEC)
Read lesson note on Cashbook (JAMB)
Miscellaneous Accounts
Cashbook
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