Which of the following would be included in the entry to record the replenishment of a petty cash fund?
A) a credit to Petty Cash
B) a debit to Accounts Receivable
C) a credit to Cash
D) a credit to Miscellaneous Expense

Question

Quizplus · Accepted Answer

The replenishment of a petty cash fund involves adding money to the fund to bring it back up to the original balance. The entry to record this transaction would involve debiting the appropriate expense accounts for the transactions that were paid for from the petty cash fund and crediting the cash account for the amount being added. Therefore, the correct answer is a credit to Cash.

Which of the Following Would Be Included in the Entry