What Type of an Account Is the Petty Cash Fund

question 31

Multiple Choice

What type of an account is the petty cash fund?

• A) Contra-asset
• B) Expense
• C) Asset
• D) Liability

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Definitions:

Rapid Eye Movement

A phase of sleep characterized by quick, random movements of the eyes, associated with vivid dreaming and increased brain activity.

Narcolepsy

A disorder involving sudden and unpredictable daytime attacks of sleepiness or lapses into REM sleep.

Sleepiness

Sleepiness is the state of feeling drowsy or tired, often leading to a decreased ability to remain awake and alert.

Unpredictable

The quality of being unable to be predicted or foreseen, often leading to uncertainty or surprise.