The Journal Entry to Establish the Petty Cash Fund Includes

question 19

Multiple Choice

The journal entry to establish the petty cash fund includes:

• A)A credit to petty cash and a debit to cash for $150.
• B)A debit to petty cash and a credit to cash for $150.
• C)A credit to cash and a debit to various expenses for $126.
• D)A credit to petty cash and a debit to various expenses for $126.

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Definitions:

Contingent Reward Behaviour

describes a leadership approach where the leader sets clear expectations and rewards followers for meeting those expectations.

Management By Exception

A management strategy where leaders only intervene when performance deviates from standards, allowing employees to work autonomously otherwise.

Charismatic Leaders

Individuals who possess a magnetic personality and the ability to inspire and motivate others through their vision, communication skills, and personal charisma.

Self-esteem Followers

Individuals who follow others based on a need for approval and validation to boost their own self-esteem.