The Credit Recorded in the Journal Entry to Establish the Petty

question 111

Multiple Choice

The credit recorded in the journal entry to establish the petty cash fund is to:

• A) Cash.
• B) Petty Cash.
• C) Accounts Payable.
• D) Withdrawals.

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Definitions:

Commonsense Understanding

The natural ability to make practical judgments and decisions based on the simple perception of the situation or facts.

Clinical Psychologist

A professional specializing in diagnosing and treating mental illness, emotional disturbances, and dysfunctional behavior through therapy.

Tense And Anxious

Feeling a state of nervousness or worry, often characterized by physical symptoms like increased heart rate and sweating.

Stays Home

The act of remaining in one's living residence instead of going out to social or public places.