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Which account would we debit to open a new petty cash fund? O cash O petty cash O miscellaneous expense O petty cash expense
Which account would we debit to open a new petty cash fund?
O cash O petty cash O miscellaneous expense O petty cash expense
Expert Solution
The correct option is 2nd "Petty Cash".
Explanation
Petty cash account would be debited to open a new petty cash fund.
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