Question
To open a petty cash fund, the journal entry would be to: A. debit Petty Cash; credit Accounts Payable. B. debit Cash; credit Petty Cash.
To open a petty cash fund, the journal entry would be to:
A.
debit Petty Cash; credit Accounts Payable.
B.
debit Cash; credit Petty Cash.
C.
debit Petty Cash; credit Cash.
D.
debit Accounts Payable; credit Petty Cash.
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Comprehensive Assurance & Systems Tool
Authors: Laura R. Ingraham, Greg Jenkins
4th Edition
0134790472, 9780134790473
