Author Question: The petty cash payments record indicates classified expenditures as follows: Automobile Expense, 20; ... (Read 80 times)

abarnes · **on:** Jul 5, 2018

The petty cash payments record indicates classified expenditures as follows: Automobile Expense, 20; Supplies Expense, 12; Postage Expense, 6; and Miscellaneous Expense, 5 . The transaction would include
a. debiting Automobile Expense.
b. crediting Supplies Expense.
c. debiting Cash.
d. crediting Accounts Payable.

Question 2

A purchase requisition is a document that is ________.

A) sent to a supplier or vendor requesting that an item be shipped
B) used internally to request that something be purchased
C) used internally to approve a payment for inventory
D) sent to a supplier along with payment for inventory purchased