The entry to establish a $200.00 petty cash fund is
A) debit Petty Cash, $200. 00; credit Miscellaneous Expense, $200. 00.
B) debit Cash, $200. 00; credit Petty Cash, $200. 00.
C) debit Miscellaneous Expense, $200. 00; credit Cash, $200. 00.
D) debit Petty Cash, $200. 00; credit Cash, $200. 00.
Correct Answer:
Verified
Q5: The petty cash fund is a liability
Q6: If any kind of error is made
Q7: When cash is short, the entry to
Q8: Cash Short and Over is classified as
Q9: Each time cash or checks are placed
Q11: A lost check with a blank endorsement
Q12: A petty cash fund is always replenished
A)
Q13: An endorsement on the back of a
Q14: An endorsement on the back of a
Q15: Select the one term that best fits
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