christina withdraws P30,000 from her business bank account for petty cash. How should this be recorded in the general ledger?
A. Debit bank, Credit petty cash
B. Debit petty cash, credit
C. Debi petty Cash, Credit Capital
D. No record is necessary
Share
Verified answer
Question:
christina withdraws P30,000 from her business bank account for petty cash. How should this be recorded in the general ledger?
A. Debit bank, Credit petty cash
B. Debit petty cash, credit
C. Debi petty Cash, Credit Capital
D. No record is necessary
Answer: