When is a petty cash account debited?

Question 1 Report

When is a petty cash account debited?

When the fund is established and every time money is spent

When the fund is established and every time it is replenished

When the fund is established and when the size of the float is decreased

Every time money is drawn from the petty cash

Miscellaneous Accounts

View Answer

Download The App On Google Playstore

Everything you need to excel in JAMB, WAEC & NECO

Green Bridge CBT Mobile App

Personalized AI Learning Chat Assistant

Thousands of JAMB, WAEC & NECO Past Questions

Over 1200 Lesson Notes

Offline Support - Learn Anytime, Anywhere

Green Bridge Timetable

Literature Summaries & Potential Questions

Track Your Performance & Progress

In-depth Explanations for Comprehensive Learning