Petty cash payments do not need to be recorded separately in the ...

[jrubin]

Petty cash payments do not need to be recorded separately in the general journal.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The accounts receivable turnover, inventory turnover and accounts payable turnover ratios are mathematical complements to the ratios that make up the cash conversion cycle.
 
  Indicate whether the statement is true or false

[LegendaryAnswers]

Answer to Question 1

True

Answer to Question 2

F

[jrubin]

Thanks for the timely response, appreciate it

[billybob123]

Great answer, keep it coming