Which of the Following Is the Correct Entry to Establish

question 145

Multiple Choice

Which of the following is the correct entry to establish a petty cash fund in the amount of $300?

• A)Cash 300 Petty Cash Fund 300
• B)Petty Cash Fund 300 Cash 300
• C)Miscellaneous Expense 300 Petty Cash Fund 300
• D)None of these, as no entry is necessary to record an exchange of cash.

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Definitions:

Computer Monitoring

The use of software or hardware to track and record activities on computers, often for the purpose of measuring productivity, ensuring compliance, or protecting data.

Real-Time Performance

The immediate execution or processing of tasks or operations without noticeable delay, often critical in computing and telecommunication.

Skilled Employees

Workers who have specialized training, knowledge, and experience in particular fields or activities, often requiring technical competencies.

Monthly Reward Systems

Incentive programs designed to recognize and reward employees on a monthly basis for their performance and contributions.