Easa Saleh Al Gurg Group Careers established petty cash fund with OMR 300. The petty cash custodian spent OMR 270 on different petty expenses and preserved all the receipts in the cash box. Therefore the petty box of the company containing OMR 30 cash plus OMR 270 receipts. The cash custodian sent all the receipts to the accountant and accountant replenished the cash in the cash box. How much the accountant of the company replenished cash in the petty cash box? Identify the correct answer from the following given options. a. OMR 330 b. None of the given options c. OMR 300 d. OMR 270

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

40

Easa Saleh Al Gurg Group Careers established petty cash fund with OMR 300. The petty cash custodian spent OMR 270 on different petty expenses and preserved all the receipts in the cash box. Therefore the petty box of the company containing OMR 30 cash plus OMR 270 receipts. The cash custodian sent all the receipts to the accountant and accountant replenished the cash in the cash box. How much the accountant of the company replenished cash in the petty cash box? Identify the correct answer from the following given options.
a.
OMR 330
b.
None of the given options
c.
OMR 300
d.
OMR 270
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting for Cash and cash equivalents
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education