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25 May, 18:07

When a petty cash fund is in use:

a. Petty Cash is credited when funds are replenished.

b. Petty Cash is debited when funds are replenished.

c. expenses are not recorded.

d. expenses paid with petty cash are recorded when the fund is replenished.

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  1. 25 May, 19:07
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    Petty Cash is debited when funds are replenished.

    Explanation:

    When a petty cash fund is in use: Petty Cash is debited when funds are replenished.

    Pretty cash transactions provide convenience for small transactions for which issuing a check is unreasonable or unacceptable i. e a small amount of currency that a company uses to pay small amounts without writing a check, it permit cash disbursements and still maintain adequate control over cash. they are managed through a series of journal entries

    A pretty cash fund is a small amount of bills that a company keeps on the premises to pay for minor expenditure.
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