Indicate which effect(s) each situation will have:

-________ Bought coffee and rolls for a business meeting and used petty cash
A)New check written
B) Recorded in the general journal
C) Recorded in auxiliary petty cash record
D) Petty cash voucher prepared

Question

Indicate which effect(s) each situation will have:

-________ Bought coffee and rolls for a business meeting and used petty cash
A)New check written
B) Recorded in the general journal
C) Recorded in auxiliary petty cash record
D) Petty cash voucher prepared

Quizplus · Accepted Answer

The use of petty cash for buying coffee and rolls for a business meeting would be recorded in an auxiliary petty cash record to keep track of petty cash transactions. Additionally, a petty cash voucher would be prepared to document the specific use of the funds, ensuring accountability and proper record-keeping.

Indicate Which Effect(s) Each Situation Will Have