When should the petty cash fund be reimbursed?

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Solution

Petty cash funds should be reimbursed at the end of an accounting period or as and when the balance becomes low.

Also read:

Cash Book

Cash Flow Statement

Ledger in Accounting

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When replenishing the petty cash fund, which of the following are true:

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

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