Question
The journal entry to record the disbursement of petty cash includes: a) Debit to Miscellaneous Expense b) Credit to Petty Cash c) Credit to Cash
The journal entry to record the disbursement of petty cash includes:
| a) Debit to Miscellaneous Expense | ||
| b) Credit to Petty Cash | ||
| c) Credit to Cash | ||
| d) No journal entry is required |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting A Business Perspective
Authors: Jefferson Williams, Roger Hermanson, James Don Edwards
10th Edition
1930789793, 978-1930789791
