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

Name: The journal entry to open a new petty cash fund includes a debit to the Petty Cash account and a credit to the Cash account.
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This is correct, as the journal entry to establish a petty cash fund involves debiting the Petty Cash account (to increase its balance) and crediting the Cash account (to reduce its balance as cash is transferred out of it).

The Journal Entry to Open a New Petty Cash Fund