Ask Question
25 March, 10:08

A $100 petty cash fund has a cash of $40 and valid receipts for $60. The entry to replenish the fund would include a:

+2
Answers (1)
  1. 25 March, 10:51
    0
    A credit to cash account and a debit to petty cash.

    Explanation:

    In order to replenish the petty cash the entry must credit cash and debit petty cash while keepin a log of the expenses against the receipts.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A $100 petty cash fund has a cash of $40 and valid receipts for $60. The entry to replenish the fund would include a: ...” 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