Examlex
Select the correct subsidiary ledger and appropriate posting for each of the following customer and creditor activities.
Petty Cash Account
A modest sum of money maintained readily available for covering various minor outlays instantly.
Establishing
The process of setting up or founding something, such as a new business, system, or set of rules.
Replenishing
The act of refilling or restocking to maintain an adequate level of supplies or inventory.
Voucher System
A control mechanism in accounting that uses vouchers as evidence for transactions before they are posted to accounts, enhancing financial accuracy and integrity.
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