At the Time of Payment, What Journal Entry Is Required

question 67

Multiple Choice

At the time of payment, what journal entry is required to record a petty cash disbursement for postage?

• A)Debit Postage Expense, credit Petty Cash.
• B)Debit Postage Expense, credit Cash.
• C)Debit Petty Cash, credit Cash.
• D)No journal entry is required.

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Definitions:

Political Party Affiliation

The formal association of individuals with a political party, often indicating shared ideologies, policies, and goals.

Parameter

A characteristic or constant factor that defines or limits a system, model, or equation.

Interval Scale

A type of measurement scale that includes ordered categories with equal intervals between values but lacks a true zero point.

Normal Distribution

The normal distribution is a bell-shaped curve describing the spread of a characteristic throughout a population, where most occurrences take place near the mean value, decreasing symmetrically in both directions.