Pelcher Co. maintains a $440 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $118 for office supplies, $156 for merchandise inventory, and $78 for miscellaneous expenses. There is a cash overage of $9. Based on this information, the amount of cash in the fund before the replenishment is: Multiple Choice $440 $352

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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.