The Type of Account and Normal Balance of Petty Cash

question 170

Multiple Choice

The type of account and normal balance of Petty Cash is a (n)

• A) revenue, credit
• B) asset, debit
• C) liability, credit
• D) expense, debit

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Definitions:

Arbitration

A form of alternative dispute resolution where a neutral third party makes a binding decision to resolve a dispute outside of court.

Employment

The condition of having paid work, or the relationship between an employer and an employee where the employee provides labor in exchange for compensation.

Collective Decision Making

The process where a group comes together to make decisions as a unit, sharing input and considering multiple viewpoints.

Work-Related Stress

Stress experienced by employees due to work demands or environment that exceeds their capacity to cope.