Which of the Following Transactions Would Most Likely NOT Be

question 65

Multiple Choice

Which of the following transactions would most likely NOT be recorded in an auxiliary petty cash record?

• A) Purchase of first aid supplies
• B) Purchase of postage stamps
• C) Payment on a $700 rent bill
• D) Payment of gas for the company vehicle

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Definitions:

Revenue Accounts

Accounts that record the income a company earns from its normal business activities.

Expense Accounts

Accounts that track the costs of operating a business, such as rent, utilities, and salaries.

Identification Codes

Unique codes used to identify and track items or information in various systems.

Balances

The amounts of money in accounts, whether they are liabilities, assets, or equity, at a specific point in time.