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25 questions from this exam section. You see the answer and a plain-English explanation with its source right after each one. Skipped questions count as incorrect. Each new quiz draws 25 questions at random from the 227 in this section.

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Question 23 of 25

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Section: Business Finances

Business Finances
A contractor keeps a petty cash fund with a fixed amount. The petty cash slips now add up to nearly that amount. Following the example in IRS Publication 583, how should the contractor refill the fund?