Author Question: Petty cash payments do not need to be recorded separately in the general journal. a. True b. ... (Read 94 times)

jrubin · **on:** Jul 6, 2018

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