All of the following activities occur at the time of a cash disbursement from petty cash except A)the petty cash custodian signs the voucher. B)available supporting documents are attached to the voucher. C)a journal entry is made for each cash distribution. D)the individual receiving payment signs the voucher.

Question

Quizplus · Accepted Answer

A journal entry is not made for each cash distribution from petty cash; instead, entries are typically made when the petty cash fund is replenished.

All of the Following Activities Occur at the Time of a Cash