At the time the 400 petty cash fund is being replenished, Ask an Expert

Accounting

At the time the $400 petty cash fund is being replenished, the company's accountant finds vouchers totaling $340 and petty cash of
$50. Which of the following is recorded when replenishing the petty cash fund?

A. Debit cash $350

B. Debit various expenses $350

C. Credit cash $340

D. Debit cash over and short $10

E. Credit petty cash $340

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M962362

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