Which Account Is Least Likely to Be Credited When an Expense

question 4

Multiple Choice

Which account is least likely to be credited when an expense is recorded?

• A)Cash.
• B)Accounts Payable.
• C)Prepaid Expenses.
• D)Accounts Receivable.

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Definitions:

Petty Cash

A small amount of cash on hand used for covering minor and incidental office expenses.