Solved

Which of the Following Is NOT a Common Feature of a Petty

Question 22

Multiple Choice

Which of the following is NOT a common feature of a petty cash system?


A) Cash in the fund plus vouchers held equals the amount advanced to the petty cashier.
B) When the fund is replenished,the expenses account is debited.
C) When the fund is replenished,the cash account is credited.
D) When the fund is replenished,petty cash is credited.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions