Petty Cash Register a. What information is included on each line of the petty cash

Chapter 22, Problem 6

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QUESTION:

Petty Cash Register

a. What information is included on each line of the petty cash register?

b. Why is the petty cash register not considered a journal?

Questions & Answers

QUESTION:

Petty Cash Register

a. What information is included on each line of the petty cash register?

b. Why is the petty cash register not considered a journal?

ANSWER:

                                                                  Step 1 of 3

A petty cash register is the summary of all disbursement records made from the petty cash fund. It is used as a supplement record for making the list of types of disbursements.

                                                                 

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