The Only Time the Petty Cash Account Is Used in a Journal

question 112

True/False

The only time the Petty Cash account is used in a journal entry is when the account is established,increased,or decreased.

---

Definitions:

Verbal

Relating to or consisting of words; spoken rather than written.

Conduct

The manner in which an individual behaves or carries out actions, often assessed in legal or professional contexts.

Verbal

Pertaining to or involving words, especially spoken words; often used in contrast to written or non-verbal communication.

Under Seal

A formal method of validating a document by fixing a wax seal, signifying it has legal efficacy or relevance.