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 $700 rent bill
D) Payment of gas for the company vehicle

Question

Quizplus · Accepted Answer

Petty cash is typically used for small, incidental expenses. A $700 rent bill would generally be too large for petty cash and would likely be processed through the main accounting system.

Which of the Following Transactions Would Most Likely NOT Be