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 $600 utility bill
D)Payment of gas for the company vehicle

Question

Quizplus · Accepted Answer

The payment of a $600 utility bill would typically be a larger expense than what would be considered a petty cash purchase, and would therefore be recorded in the general ledger or accounts payable system instead.

Which of the Following Transactions Would Most Likely Not Be