A cheque is written to replenish a ($100) petty cash fund when the fund contains receipts of
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A cheque is written to replenish a \($100\) petty cash fund when the fund contains receipts of \($94\) and\($3\) in cash. In recording the cheque:
(a) Cash over and short should be debited for \($3\).
(b) Petty cash should be debited for \($94\).
(c) Cash should be credited for \($94\).
(d) Petty cash should be credited for \($3\).
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Related Book For 
Financial Accounting Reporting, Analysis And Decision Making
ISBN: 9780730363279
6th Edition
Authors: Shirley Carlon
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