Assuming the entries used to record the disbursements and to replenish the fund are combined,which of the following is included in the entry to replenish a petty cash fund?
A)A credit to Cash
B)A credit to Petty Cash
C)Credits to expenses
D)A debit to Cash

Question

Quizplus · Accepted Answer

The entry to replenish a petty cash fund includes debits to the affected expense or asset accounts (as reflected on the related petty cash vouchers)and a credit to cash.

Assuming the Entries Used to Record the Disbursements and to Replenish