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.

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Definitions:

Hyperkinetic Syndrome

An outdated term typically referring to a range of disorders characterized by excessive movement, now more commonly referred to as Attention-Deficit/Hyperactivity Disorder (ADHD).

ADHD

ADHD, or Attention Deficit Hyperactivity Disorder, is a neurodevelopmental disorder characterized by inattention, hyperactivity, and impulsivity, which can affect children and adults.

Stimulant Medication

Drugs that increase alertness, attention, and energy, commonly used to treat ADHD and certain sleep disorders.

ADHD

Attention-Deficit/Hyperactivity Disorder, a brain disorder marked by an ongoing pattern of inattention and/or hyperactivity-impulsivity that interferes with functioning or development.