The debit recorded in the journal to reimburse the petty cash fund is to
A) Petty Cash
B) Accounts Receivable
C) Cash
D) various accounts for which the petty cash was disbursed

Question

Quizplus · Accepted Answer

The correct answer is D because when reimbursing the petty cash fund, the debit is made to various accounts to reflect the expenses for which the petty cash was used, not to the Petty Cash account itself. This records the expenses in the appropriate expense categories.

The Debit Recorded in the Journal to Reimburse the Petty