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Why is Cash rather than Petty Cash credited when a petty cash fund is replenished?
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Does the balance of the petty cash account increase when the petty cash fund is replenished?
No.
When is petty cash fund always replenished?
Based on a company's policies, petty cash could be replenished periodically or when the balance drops below a certain level. For example, it might be company policy to replenish petty cash once a month or even once a month. More often, however, it will be company policy to keep the petty cash balance above a certain figure, say $100. Whenever the balance drops below $100, then it will be replenished.
Who has access to a petty cash?
a petty cashier
What is the similarity of cash book and petty cash?
petty
What are the difference of petty cash voucher and petty cash book?
petty cash voucher is released by the handler of the funds to support every payments made. petty cash book contains a summary of all petty cash disbursements, its total and the balance.
Does the balance of the petty cash account increase when the petty cash fund is replenished?
No.
When is petty cash fund always replenished?
Based on a company's policies, petty cash could be replenished periodically or when the balance drops below a certain level. For example, it might be company policy to replenish petty cash once a month or even once a month. More often, however, it will be company policy to keep the petty cash balance above a certain figure, say $100. Whenever the balance drops below $100, then it will be replenished.
Which account do you debit to replenish petty cash?
Debit whichever account you take the money from to put into petty cash.Example:transfer cash from checking to petty cashwrite check to deposit to petty cashorpetty 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.
Who wrote Everyday by Buddy Holly?
It was credited to Buddy Holly and Norman Petty
Who is tom petty's farther and mother?
Earl Petty.
Who is Richard Petty married to?
Richard Petty married his wife Lynda in 1958 and have four children (Kyle Petty, Sharon Petty Farlow, Lisa Petty Luck, and Rebecca Petty Moffit).
What nicknames does Andrew Petty go by?
Andrew Petty goes by Petty, Hat's McPetty, and Petty Cash.
What is Richard Petty's nickname?
Richard Petty is known as "The King".
What is the birth name of Ted Petty?
Ted Petty's birth name is Theodore Petty.
Who has access to a petty cash?
a petty cashier
What is the birth name of Andrew Petty?
Andrew Petty's birth name is Andrew Scott Petty.
What is the birth name of Tom Petty?
Tom Petty's birth name is Thomas Earl Petty.
