Which of the following transactions would most likely NOT be recorded in an auxiliary petty cash record?
A) Purchase of first aid supplies
B) Purchase of postage stamps
C) Payment on a $700 utility bill
D) Payment of gas for the company vehicle

Question

Quizplus · Accepted Answer

Payment on a $700 utility bill is a larger expense that would typically be recorded in the regular accounts payable system rather than in a petty cash fund. The other transactions listed are smaller expenses that would be appropriate for recording in a petty cash fund.

Which of the Following Transactions Would Most Likely NOT Be