The journal entry to replenish a petty cash fund includes a debit to the Petty Cash account and a credit to the Expense account.

Question

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The journal entry to replenish a petty cash fund includes a debit to the Expense account and a credit to the Petty Cash account. This is because the Petty Cash account is being reimbursed for the expenses paid out of that fund, which is an expense to the company.

The Journal Entry to Replenish a Petty Cash Fund Includes