A Petty Cash Fund Was Established with a $400 Balance

question 88

Multiple Choice

A petty cash fund was established with a $400 balance.It currently has cash of $41 and petty cash tickets totaling $359.Which of the following would be included in the entry to replenish the fund?

• A) a credit to Petty Cash for $359
• B) a debit to Petty Cash for $41
• C) a credit to Cash for $41
• D) a credit to Cash for $359

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Definitions:

Employer Discrimination

The unfair treatment of employees or job applicants based on personal characteristics, such as race, age, or gender, rather than job qualifications.

Competitive Markets

Markets characterized by many buyers and sellers, where no single entity can control prices, and products are relatively homogeneous.

Occupational Differences

Variations in job types, responsibilities, and compensation across different professions or industries.

Muriel Niederle

An economist known for her research in experimental economics and market design.