Acompany set-up a petty cash fund with $800. the disbursements are as follows:

office supplies

$300

shipping

50

postage

30

delivery expense

$350

answer the question below based on the above information.

to create the fund, which account should be credited?
question 1 options:

postage

supplies

petty cash

cash at bank

Double corporation acquired all of the common stock of simple company for

Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.