Answer
9. (a)
Work Step by Step
Petty cash fund is money that the organization maintains with the intention of spending on minor arising bills and should, therefore, be classified as a current asset.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 5 - Balance Sheet and Statement of Cash Flows - Exercises - Page 282: E5-3(9)
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