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College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
Question List for "College Accounting: A Practical Approach"
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Accounting
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A shift in assets occurs when a petty cash account is established.
Started by
humphriesbr@me.com
40
Nov 11, 2019
Accounting
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The auxiliary petty cash record is used to post to the ledger.
Started by
dejastew
67
Nov 11, 2019
Accounting
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The auxiliary petty cash record is not a journal.
Started by
kellyjaisingh
55
Nov 11, 2019
Accounting
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Petty Cash could be used to purchase a box of paper clips if required.
Started by
lunatika
54
Nov 11, 2019
Accounting
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A credit to petty cash is made to replenish the fund.
Started by
tichca
56
Nov 11, 2019
Accounting
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The Petty Cash account should always be debited when the fund is replenished.
Started by
shenderson6
72
Nov 11, 2019
Accounting
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The normal balance of the Petty Cash account is a credit.
Started by
tiffannnnyyyyyy
90
Nov 11, 2019
Accounting
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An employee assigned the responsibility for overseeing the petty cash fund is called the custodian.
Started by
shenderson6
63
Nov 11, 2019
Accounting
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The Petty Cash account is used to pay for small items such as postage stamps and supplies.
Started by
MirandaLo
58
Nov 11, 2019
Accounting
»
Petty Cash is an asset shown on the balance sheet.
Started by
asmith134
88
Nov 11, 2019
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