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A company writes a check to replenish a OMR 100 petty cash fund when the fund contains receipts of OMR 94 and OMR 5 in
- A company writes a check to replenish a OMR 100 petty cash fund when the fund contains receipts of OMR 94 and OMR 5 in cash. In recording the check, the company should:
- debit Cash Over and Short for OMR 1.
- debit Petty Cash for OMR 94.
- credit Cash for OMR 94.
- credit Petty Cash for OMR 2.
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
12th edition
77862228, 978-1259283567, 1259283569, 978-0077862220
