passwella.
Menu

WAEC Financial Accounting 1999 Question 49

Question 49

Petty Cash

which of the following is not a petty cash book item? Purchase of

  1. A.machinery
  2. B.stamps
  3. C.office pins
  4. D.milk.
Show the answer and explanation

Answer: A (machinery)

Explanation

Machinery is a large capital item, not a small expense paid from petty cash.