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WAEC Financial Accounting 2000 Question 27

Question 27

Petty Cash

Which of the following is not a Petty Cash Book item? Purchase of

  1. A.stationery
  2. B.postage stamps
  3. C.cutlass for gardeners
  4. D.machinery.
Show the answer and explanation

Answer: D (machinery.)

Explanation

Machinery is a large capital purchase, not a small petty cash expense.