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WAEC Financial Accounting 2025 Question 38

Question 38

Petty Cash

An item that can be purchased from a petty cash float is

  1. A.correction pen.
  2. B.laptop.
  3. C.raw materials.
  4. D.refrigerator.
Show the answer and explanation

Answer: A (correction pen.)

Explanation

Petty cash is for small items such as a correction pen.