Question
A $100 petty cash fund has cash of $20 and valid receipts for $40. The entry to replenish the fund would include a: A. debit
A $100 petty cash fund has cash of $20 and valid receipts for $40. The entry to replenish the fund would include a:
A.
debit to Petty Cash for $40.
B.
credit to Cash for $80.
C.
credit to Cash for $40.
D.
credit to Petty Cash for $30
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Management And Cost Accounting
Authors: Alnoor Bhimani, Srikant M. Datar, Charles T. Horngren, Madhav V. Rajan
7th Edition
1292232668, 978-1292232669
