We've found 9 Petty Cash Fund tests

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When should the MA used the petty cash fund??
to pay for small, unpredictable expenses
More test answers on https://studyhippo.com/chap-24/
The entry to replenish a petty cash fund includes
debits to various expense accounts and a credit to Cash.
More test answers on https://studyhippo.com/chapter-9-accounting/
At the time a $400 petty cash fund is being replenished, the company’s accountant finds vouchers totaling $350 and petty cash of $50. The vouchers include: postage, $100; business lunches, $150; delivery fees, $75; and office supplies, $35. Which of the following is not recorded when recognizing expenditures from the petty cash fund? A. Debit Postage Expense, $100 B. Debit Supplies, $25 C. Credit Petty Cash, $350 D. Debit Petty Cash, $350
A petty cash fund is a separate checking account used to reimburse employees for expenditures they have made on behalf of the organization
The petty cash payments record indicates classified expenditures as follows: Automobile Expense, $20; Supplies Expense, $12; Postage Expense, $6; and Miscellaneous Expense, $5. The journal entry to replenish the petty cash fund would include a credit to Cash for
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