is petty cash a payment?
I have accounting 1
i have a question on my hw..
Receieved payment due from JJ Funky Club, $1,000.00
would that be
petty cash
account received jj funky club
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I have accounting 1
i have a question on my hw..
Receieved payment due from JJ Funky Club, $1,000.00
would that be
petty cash
account received jj funky club
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Answers & Comments
The answer is: "account received jj funky club"
The Petty Cash account only gets posted when you setup, increase or close out that account.