QUESTION 4Assumo that tho Petty Cashier of a $400 petty cash fund has $340 in cash plus $60 in rocepts at the end of the month The entry to replonish (rembunse) the potty cash fund wilncludeA crodit to Cash for $60O A dobit to Cash for $340O A credit to Cash for $340O A debit to Cash for $00

The petty cash fund is established to maintain the cash balance for smaller cash transactions of the…

ssume that the Potty Casher of a $400 petty cash fund fas $340 n cash plus S00 n recepts at the end of the month The entry to replersh (rembune) the potty cash fund wil nclude A credt to Cash for $00 O Adobit to Cash for $340 O A credt to Cash for $340 OAdebil to Cash for $00

ssume that the Potty Casher of a $400 petty cash fund fas $340 n cash plus S00 n recepts at the end of the month The entry to replersh (rembune) the potty cash fund wil nclude A credt to Cash for $00 O Adobit to Cash for $340 O A credt to Cash for $340 OAdebil to Cash for $00

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 4EA: Record the following transactions: A. Started a petty cash fund in the amount of $500. B....

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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.

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