When is a petty cash account debited?
FINANCIALJAMB 1994
When is a petty cash account debited?
- A. When the fund is established and every time money is spent
- B. When the fund is established and every time it is replenished
- C. When the fund is established and when the size of the float is decreased
- D. Every time money is drawn from the petty cash
Correct Answer: B. When the fund is established and every time it is replenished
Explanation
No explanation is available for this question at this moment. If you can provide an explanation to help other student learn, please post it belowPost an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly.
Your email address will not be published. Required fields are marked *