Question 8 (2 points)

The petty cash account is listed under current asset and it will have a normal debit balance.

Question 8 options:

True

False

Question 9 (2 points)

The petty cash account is listed under current liabilities and it will have a normal debit balance.

Question 9 options:

True

False

Question 10 (2 points)

The petty cash account is listed under current asset and it will have a normal credit balance.

Question 10 options:

True

False