Conway Designs established a $240 petty cash fund on October 1, 2023. Prepare the entry to replenish the fund at the end of each of the following months of activity: a. The petty cash box contained $27 on October 31 along with receipts for $116 for cleaning, $30 for postage, and $53 for delivery expense. b. On November 30, the petty cash box contained only two receipts, for a $90 computer repair and a $111 entertainment expense. The petty cash custodian counted cash remaining of $45. c. The petty cash box contained $22 on December 31 plus receipts for $49 for gas expense, $116 for office supplies, and $53 for entertainment expense. In addition to replenishing the fund, it was increased by $55.

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.