The Petty Cash Fund Has a Current Balance of $200

question 17

Multiple Choice

The petty cash fund has a current balance of $200.Based on activity in the fund,it is determined that the balance needs to be changed to $400.Which journal entry is needed to make this change?

• A)Debit the Petty Cash account and credit the Cash account for $400.
• B)No journal entry is needed because this change only involves cash.
• C)Debit the Petty Cash account and credit the Cash account for $200.
• D)Debit the Cash account and credit the Petty Cash account for $200.

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Definitions:

Actual Size

Actual size refers to the true dimensions of an object or part, without any allowances, tolerances, or scaling applied.

Size Limits

Refers to the maximum and minimum dimensions allowable for a manufacturing part or material.

Characteristic Symbol

A symbol assigned to specific features in technical drawings or diagrams to represent the type of characteristic or tolerance specified.

Angularity

Measures the angle deviation of a specified surface or feature from a specified reference, often used in geometric dimensioning and tolerancing.