Which of the following is nit a petty cash book item? purchase of
Question 1 Report
Which of the following is nit a petty cash book item? purchase of
Answer Details
The item that is not a petty cash book item is "machinery". Petty cash book items are small and regular expenses that a company incurs in its day-to-day operations, such as stationery, office supplies, snacks, postage, and transportation costs.
Machinery, on the other hand, is a big-ticket item that is not typically purchased using petty cash. It usually requires a purchase order, invoice, and approval process, and it is accounted for as a fixed asset in the company's balance sheet.
Stamps, office pins, and milk are all examples of items that can be purchased using petty cash, as they are small and regular expenses that can be easily reimbursed from the petty cash fund.
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