petty cash fund f
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Short Case 1
On October 1, 2012, Al Zahra Trading Co. established a petty cash fund for OMR 175
and a cheque is written for the same amount and made out to Ms. Fatma, the petty cash
custodian. At the end of each month the fund is to be replenished. At the end of the
month, Fatma has the receipts for the following:
Office supplies
OMR 60
Delivery expenses
OMR 50
Postage
OMR 20
Entertainment
OMR 30
Required:
Write relevant journal entries.
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