The entry to replenish a petty cash fund includes a credit to

Question

Quizplus · Accepted Answer

When replenishing a petty cash fund, the person responsible for handling the funds will typically withdraw cash from the company's general cash account or bank account to "replenish" the fund. This means that the petty cash account will be debited for the amount of the withdrawal and the general cash account (or bank account) will be credited for the same amount. Therefore, the correct answer is B - Credit to Cash. The other choices (A, C, and D) are not relevant to the specific transaction of replenishing a petty cash fund.

The Entry to Replenish a Petty Cash Fund Includes a Credit