The entry to establish the petty cash fund is:

Name: The entry to establish the petty cash fund is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The entry to establish the petty cash fund should be recorded as a debit to the Petty Cash account and a credit to the Cash account. The correct entry can be identified by looking for the transaction with a debit to the Petty Cash account and a credit to the Cash account. Option B is the only transaction that follows this rule.

The Entry to Establish the Petty Cash Fund Is