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In the expenditure cycle, good control dictates that expenditures should be paid by check. This may not be feasible when minor purchases are made. To facilitate quick payment for minor purchases, a(n) should be set up and maintained using .A) special bank account; disbursement vouchersB) imprest fund; vouchersC) cash box; small denomination billsD) petty cash fund; procurement cards
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In the expenditure cycle, good control dictates that expenditures should be paid by check. This may...
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