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On 30 June,the Petty Cash Fund of Charles Ltd Was \quad

Question 25

Multiple Choice

On 30 June,the petty cash fund of Charles Ltd was replenished when the count of petty cash on hand totalled $60.Vouchers revealed that postage expenses of $40 had been incurred.The journal entry to record replenishment was:


A) Dr Postage expense$40 \quad \quad Cr Cash$40
B) Dr Postage expense$40 \quad \quad CrPetty cash$40
C) Dr Petty cash$40 \quad \quad \quad \quad Cr Cash$40
D) none of the answers provided.

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