Answer:
Here the correct option is "b"
Step-by-step explanation:
First we need to understand the term "petty cash". As the name itself indicates that the petty cash box is maintained for petty cash expenditures. So it does not need heavy funds rather it accomodates payments for a relatively smaller expenditure which are paid in day to day expenses.
So, from the given options, Option "b" is the right option which exactly states that the journal entry to reflect replenishment would include "a debit to cash for $318" as the petty cash is maintained as a separate entity than the cash book so its transcitions are set down individually.
A. 1 1/2 is equal to 1.5, so this is true
B. 3/4 is equal to 0.75 and 7/8 is equal to 0.875, this is true
C. -1.5 is less than both -1 and 1.5, this is false
D. 0.01 is less than 0.1, this is true
So the answer to your question is C
Answer:
b
Step-by-step explanation:
