question archive What is a "Petty Cash" or "Cash on Hand"? (choose the best answer) HINT: IT IS NOT AN EXPENSE ACCOUNT A) It's an expense account where all miscellaneous cash expenses should be recorded B) It's a "bank" account in QuickBooks where cash payments from clients can be deposited into if they are not deposited directly in the bank C) It's a "bank" account in QuickBooks where you may transfer funds from checking/savings accounts to utilize the cash to make purchases, and these purchases are logged in its own register D) Both B and C are correct
What is a "Petty Cash" or "Cash on Hand"? (choose the best answer) HINT: IT IS NOT AN EXPENSE ACCOUNT A) It's an expense account where all miscellaneous cash expenses should be recorded B) It's a "bank" account in QuickBooks where cash payments from clients can be deposited into if they are not deposited directly in the bank C) It's a "bank" account in QuickBooks where you may transfer funds from checking/savings accounts to utilize the cash to make purchases, and these purchases are logged in its own register D) Both B and C are correct
Subject:BusinessPrice: Bought3
What is a "Petty Cash" or "Cash on Hand"? (choose the best answer)
HINT: IT IS NOT AN EXPENSE ACCOUNT
A) It's an expense account where all miscellaneous cash expenses should be recorded
B) It's a "bank" account in QuickBooks where cash payments from clients can be deposited into if they are not deposited directly in the bank
C) It's a "bank" account in QuickBooks where you may transfer funds from checking/savings accounts to utilize the cash to make purchases, and these purchases are logged in its own register
D) Both B and C are correct.
E) All of the above are correct
