Connect Access Card for Financial Accounting: Information and Decisions
Connect Access Card for Financial Accounting: Information and Decisions
8th Edition
ISBN: 9781259662966
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 6, Problem 5E
Summary Introduction

Concept introduction:

Petty Cash Fund:

Petty cash fund is the amount of money kept to be spent on day to day small expenses. For example, payment of conveyance, stationery, postage, and refreshment expenses, etc.

To prepare: The journal entries for petty cash fund.

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