Petty cashier records petty cash received on debit side.

True

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False

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Solution

The correct option is A True
Cash received by the petty cashier is recorded on debit side and all payments for petty expenses are recorded on credit side in one column.

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Similar questions

Which account is debited to record the issue of petty cash fund ?

All the entries of petty cash expenses are recorded on the ___ side of the petty cash book.

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