If the petty cash fund is not replenished at the end of the accounting period, A) the income statement and the balance sheet will not be correct B) liabilities will be overstated on the balance sheet C) the cash account will be understated D) it indicates that the petty cash fund is probably short

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.