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Petty Cash is a liability with a normal debit balance. True or false

Petty Cash is a liability with a normal debit balance. True or false
asked 101k views
3 votes
Petty Cash is a liability with a normal debit balance.

True or false

asked
User Taga
by
7.4k points

1 Answer

5 votes
True because it is a liability with a normal debit balance
answered
User James Daly
by
7.8k points
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