SEmorsi700 SEmorsi700

01-12-2019
Business

contestada

A company set-up a petty cash fund with $800. The disbursements are as follows:

Office Supplies

$300

Shipping

50

Postage

30

Delivery Expense

$350

Answer the question below based on the above information.

To create the fund, which account should be credited?
Question 1 options:

Postage

Supplies

Petty Cash

Cash at Bank

Respuesta :

donbariviko donbariviko

02-12-2019

Answer:

Petty Cash

Explanation:

The fundamental principle of accounting is credit the giver and debit the receiver. In this instance petty cash is giving out money to Office Supplies, Shipping, Postage and Delivery expense

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