frodude2001 frodude2001

13-11-2019
Business

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

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fernandoalonsoc fernandoalonsoc

13-11-2019

Answer:

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.

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