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Financial Accounting

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When Do You Debit the Imprest Petty Cash Account?

FINACT-FBMP3J

Under which of the following events would it be appropriate to debit the Petty Cash Account in the journal entry?

Select ALL that apply.

A

When establishing the fund initially.

B

When increasing the size of the fund.

C

When making payments out of the fund.

D

When replenishing the fund.