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Debit whichever account you take the money from to put into petty cash.
Example:
transfer cash from checking to petty cash
write check to deposit to petty cash
or
petty cash fund is replenished at the end of each month so that that all expenses are recorded in the moth they are incurred. Debit general and credit cash.

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14y ago
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11y ago

Petty cash: Debit

Cash: Credit

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Q: Which account do you debit to replenish petty cash?
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Related questions

How do you establish the journal entry for petty cash?

[Debit] Petty Cash account [Credit] Cash account


WHAT IS the correct entry to replenish a petty cash fund?

Dr Bank Account Cr Petty Cash Account


What is the correct entry to replenish the petty cash fund?

Dr Bank Account Cr Petty Cash Account


Know the journal entry for reimbursing the petty cash account?

[Debit] Petty Cash account [Credit] Cash account


Is the entry to establish a petty cash account a debit to petty cash and credit to cash?

yes. the entry should be: petty cash fund debit cash in bank credit


Is a petty cash account an asset with a normal credit balance?

Petty Cash is an asset account with a normal Debit balance.


Issued a check to establish a petty cash fund of 1400?

Debit Petty cash account 1400 Credit Cash account 1400


A 174 petty cash fund has cash of 25 and receipts of 137 What would be part of the journal entry to replenish the account?

Assuming you are asking about an "Imprest" Petty Cash account with a nominal balance of $174, an actual cash content of $25, and receipts representing $137 in legitimate purchases, the entry would be something like the following: Debit Expense Accounts (itemized according to nature of receipts): $137Debit Expense Account "Petty Cash Shrinkage" (or whatever it is called in your system): $12Credit Petty Cash: $149Note: Recognize Petty Cash Expense Debit Petty Cash: $149Credit Checking (or wherever you get the cash from): $149Note: Restore Petty Cash to Imprest level ($174) OR the composite equivalent entry: Debit Expense Accounts (itemized according to nature of receipts): $137Debit Expense Account "Petty Cash Shrinkage": $12Credit Checking: $149 Hope this helps


What is the journal entry for the cash stolen from cash box?

Debit: Profit & Loss Account Credit: Cash In Hand or Petty Cash Nature of Debit is Expense and the nature of Credit is Asset. Expense Increased and Asset Decreased If you have an account already open for such Losses then you should debit such account. For example in my company Cash loss is usual Case so we have an Account titled "Cash Lost Expense" In my cash I will pass the entry as Debit: Cash Lost Expense Credit: Cash in Hand or Petty Cash


Is a debit to petty cash money that is taken out of petty cash?

credit


What is journal entry for petty cash?

Debit petty cashCredit cash / bank


The type of account and normal balance of Petty Cash is a?

Petty Cash is a current asset (it both has value and is liquidated in less than 12 months). Since Petty Cash is an asset, its normal balance is a debit, as asset accounts are debits.