Ask Question
BusinessBusiness
11 November, 21:47

A company wants to decrease its $200 petty cash fund to $175. the entry to reduce the fund is:

+5
Answers (1)
  1. 12 November, 01:39
    0
    What is Petty cash? It is a small quantity of cash at hand that is used for reimbursing small amounts payable, rather than writing a check. Petty cash is also known as a petty cash fund.

    To record the reduce the fund is:

    Debit Cash - 25

    Credit Petty Cash Fund - 25
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company wants to decrease its $200 petty cash fund to $175. the entry to reduce the fund is: ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Select the best defense of the following statement: "Changing the subject is a good way to avoid gossip." a. Avoiding gossip is too difficult to do all the time b. Changing the subject can avoid hurting anyone's feelings c.
Answers (1)
DW has an ending Retained Earnings balance of $51,100. If during the year DW paid dividends of $4,300 and had net income of $22,500, then what was the beginning Retained Earnings balance? A. $24,300. B. $300. C. $32,900. D. $69,300.
Answers (1)
Is unemployment always bad for an economy?
Answers (1)
Amy decided to choose the lease option that will minimize her total 36-month cost. the difficulty is that amy is not sure how many miles she will drive over the next three years.
Answers (1)
Match each term with the correct definition. the next-best thing that must be forgone in order to produce one more unit of a given product. the pleasure, happiness, or satisfaction obtained from consuming a good or service.
Answers (1)
New Questions in Business
A house wife invest RS 5000 at 5.5% her husband wishes to invest enough money to have 8% interest so that their total interest will amount to RS 1000 in a year the amount invested by husband is
Answers (1)
Is its revenue stream from advertising and equipment sales growing or declining
Answers (1)
Obligations issued in the name of a government on behalf of a nongovernmental entity is called
Answers (1)
What is disable customer?
Answers (1)
A firm is most likely to pursue a global standardization strategy when
Answers (1)
Home » Business » A company wants to decrease its $200 petty cash fund to $175. the entry to reduce the fund is:
Sign Up Forgot Password?