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:

Leadership Style

The style and method a leader uses to guide others, execute strategies, and inspire individuals.

Initiating Structure

The process of defining relationships, assigning tasks, making decisions, and holding performance to schedules and standards; job-centered leadership; concern for production. See direction and vision.

Behavior Theory

A field of study that explores the processes through which actions, reactions, and interactions among individuals are understood and explained.

Trait Theories

Explore the belief that certain attributes and characteristics contribute to leadership success and effectiveness.