A company set-up a petty cash fund with $800. The disbursements are as follows:
Office Su...
A company set-up a petty cash fund with $800. The disbursements are as follows:
Office Supplies - $300
Shipping - 50
Postage - 30
Delivery Expense - $350
Answer the question below based on the above information.
Q1) To create the fund, which account should be Debited?
A) Cash at Bank
B) Supplies
C) Petty Cash
D) Postage WRONG ANSWER!
Q2)To disburse funds, which account credited?
A) Supplies WRONG ANSWER!
B) Cash at Bank
C) Petty Cash
D) Postage
Answers: 3
Another question on Business
Business, 21.06.2019 16:10
Reliable electric is a regulated public utility, and it is expected to provide steady dividend growth of 5% per year for the indefinite future. its last dividend was $6 per share; the stock sold for $50 per share just after the dividend was paid. what is the company’s cost of equity? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
Answers: 2
Business, 22.06.2019 22:30
Experts are particularly concerned about four strategic metal resources that are important for the u.s. economy and military strength, and that must be imported. what percentage does the u.s. import? *
Answers: 2
Business, 23.06.2019 02:00
Acompany sells garden hoses and uses the perpetual inventory system to account for its merchandise. the beginning balance of the inventory and its transactions during september were as follows:
Answers: 2
Business, 23.06.2019 02:30
Organizations typically rely on schedules, such as hourly wages and annual reviews and raises.
Answers: 2
You know the right answer?
Questions
Mathematics, 25.03.2021 22:40
Chemistry, 25.03.2021 22:40
Chemistry, 25.03.2021 22:40
Mathematics, 25.03.2021 22:40
Mathematics, 25.03.2021 22:40
Mathematics, 25.03.2021 22:40
Mathematics, 25.03.2021 22:40
Mathematics, 25.03.2021 22:40
Mathematics, 25.03.2021 22:40
History, 25.03.2021 22:40
