The Columns to the Right of the Total in a Petty

question 37

Multiple Choice

The columns to the right of the total in a petty cash book represent:

• A)all of the company's expense accounts.
• B)the accounts for which petty cash was spent.
• C)the amounts of petty cash spent.
• D)the balances in the petty cash account.

---

Definitions:

Deposits

Funds placed into banking institutions for safekeeping, which can earn interest over time depending on the type of account.

Federal Open Market Committee

The branch of the Federal Reserve System that determines the direction of monetary policy, including decisions on interest rates and the growth of the United States money supply.

Regional Fed Presidents

Officials who head the regional Federal Reserve Banks, playing key roles in monetary policy discussions and implementation in the United States.

Voting

The act of expressing a choice or preference in a public election or decision-making process.