Author Question: When reimbursing the Petty Cash Fund, the journal entry would involve a a. debit to Petty Cash ... (Read 140 times)

rlane42 · **on:** Jul 6, 2018

When reimbursing the Petty Cash Fund, the journal entry would involve a
a. debit to Petty Cash Fund.
b. credit to Petty Cash Fund.
c. debit to Cash.
d. credit to Cash.

Question 2

The analyst of financial statements should consider cash flows over a period of time, looking at patterns of performance and exploring underlying causes of strength and weakness.

Indicate whether the statement is true or false