The entry to create a petty cash fund includes:
A) a debit to petty Cash and a credit to Cash.
B) a debit to Cash and a credit to Petty Cash Fund.
C) a debit to Cash and a credit to Miscellaneous Expense.
D) a debit to Petty Cash Fund and a credit to Cash Over and Short.
Correct Answer:
Verified
Q20: Cash Short or Over is an expense
Q21: On a bank reconciliation statement, you would
Q22: The entry to replenish a petty cash
Q23: A check issued for $1,980 to pay
Q24: Which of the following would not be
Q26: To arrive at an accurate balance on
Q27: To arrive at an accurate balance on
Q28: A firm wrote a check for $78
Q29: To arrive at an accurate balance on
Q30: A check issued for $890 to pay
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