The Correct Journal Entry at the End of the Month

question 23

Multiple Choice

The correct journal entry at the end of the month to reimburse the petty cash for the amount spent is:

• A) DR Petty cash expenses; CR Bank
• B) DR Petty cash asset; CR Bank
• C) DR Bank; CR Petty cash asset
• D) DR Petty cash asset; CR Petty cash expenses

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Definitions:

P-Value

P-Value is a statistical measure indicating the probability of obtaining test results at least as extreme as the results actually observed, assuming that the null hypothesis is true.

Extrasensory Perception

A claimed ability to gain information through means other than the known human senses.

Large-Sample Z

A statistical method used for hypothesis testing and confidence interval estimation, appropriate when the sample size is large, typically using the Z-distribution.

Plus Four Estimate

A technique in statistics, particularly in bootstrap methodology, to produce a more robust estimate by adding four observations - two at each end of the sample data.