Which of the following transactions would most likely NOT be recorded in an auxiliary petty cash record?
A)Purchase of first aid supplies
B)Purchase of postage stamps
C)Payment on a $400 rent bill
D)Payment of gas for the company vehicle

Question

Quizplus · Accepted Answer

Payment of rent is a significant expenditure and would be recorded in the general ledger as a regular expense, rather than in the auxiliary petty cash record. The other options are more likely to be petty cash expenses that would be recorded in the auxiliary petty cash record.

Which of the Following Transactions Would Most Likely NOT Be