Multiple Choice
At the time of payment, what journal entry is required to record a petty cash disbursement for postage?
A) Debit Postage Expense, credit Petty Cash.
B) Debit Postage Expense, credit Cash.
C) Debit Petty Cash, credit Cash.
D) No journal entry is required.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q60: A budget is a financial plan that
Q64: SOX created a new body to oversee
Q66: A company's policy is to have all
Q68: Which of the following would need to
Q70: Which of the following items will cause
Q71: A cash budget helps a company manage
Q102: If a bank statement included a bank
Q103: Fraud is the ultimate unethical act in
Q106: A purchase order:<br>A) identifies the need for
Q119: Creating bogus websites for the purpose of