Author Question: When a Petty Cash Fund is established, Cash is debited and Petty Cash Fund is credited. a. True ... (Read 110 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
When a Petty Cash Fund is established, Cash is debited and Petty Cash Fund is credited.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A creditor is ultimately concerned with the ability of a firm to generate profits.
 
  Indicate whether the statement is true or false



Laurenleakan

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

False

Answer to Question 2

F



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

For a complete list of videos, visit our video library