menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Horngrens Accounting Study Set 2
  4. Exam
    Exam 8: Internal Control and Cash
  5. Question
    The Entry to Record the Establishment of a Petty Cash
Solved

The Entry to Record the Establishment of a Petty Cash

Question 2

Question 2

Multiple Choice

The entry to record the establishment of a petty cash fund would include a:


A) debit to Cash in Bank.
B) credit to Petty Cash.
C) debit to Petty Cash.
D) credit to various expenses and assets.

Correct Answer:

verifed

Verified

Related Questions

Q1: In reconciling a bank statement, the bank

Q3: Prepare any necessary journal entries based on

Q4: An NSF cheque would be entered into

Q5: A cheque written for $68.30 in payment

Q6: Which of the following would be a

Q7: A cheque cashed by the payee for

Q8: A system that relies on electronic communications,

Q9: Which of the following describes the internal

Q10: An NSF cheque should be added to

Q11: Outstanding cheques in a bank reconciliation should

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines