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What is journal entry for petty cash?
Debit petty cashCredit cash / bank
What is an example to correct entry to replenish a petty cash fund?
To replenish a petty cash fund, you would typically make an entry that debits various expense accounts and credits the cash account. For example, if you are replenishing $100 spent on office supplies and $50 on travel expenses, the journal entry would be: Debit Office Supplies Expense $100 Debit Travel Expense $50 Credit Petty Cash $150. This entry reflects the expenses incurred and reduces the petty cash balance accordingly.
A 100 petty cash fund has cash of 18 and receipts of 80 The journal entry to replenish the account would include what?
receipts 80 Cash Short(Over) 2 Cash 82
WHAT IS the correct entry to replenish a petty cash fund?
Dr Bank Account Cr Petty Cash Account
How do you establish the journal entry for petty cash?
[Debit] Petty Cash account [Credit] Cash account
What is journal entry for petty cash?
Debit petty cashCredit cash / bank
What is an example to correct entry to replenish a petty cash fund?
To replenish a petty cash fund, you would typically make an entry that debits various expense accounts and credits the cash account. For example, if you are replenishing $100 spent on office supplies and $50 on travel expenses, the journal entry would be: Debit Office Supplies Expense $100 Debit Travel Expense $50 Credit Petty Cash $150. This entry reflects the expenses incurred and reduces the petty cash balance accordingly.
A 100 petty cash fund has cash of 18 and receipts of 80 The journal entry to replenish the account would include what?
receipts 80 Cash Short(Over) 2 Cash 82
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
How do you establish the journal entry for petty cash?
[Debit] Petty Cash account [Credit] Cash account
Know the journal entry for reimbursing the petty cash account?
[Debit] Petty Cash account [Credit] Cash account
What is the entry to replenish a petty cash fund?
Dr. Various expense accounts Cr. Cash (in bank)
If a petty cash fund was established with a 250 balance and currently has cash of 31 and petty cash tickets totaling 219 what would be included in the entry to replenish the fund?
A company check in the amount of $219 would replenish the funds.
What is journal entry for fluctuating fund system?
establishment of fund: petty cash fund xx cash in bank xx payment of expenses out of the petty cash fund: expenses xx petty cash fund xx
Types of books of original entry?
cash book, petty cash book, returns inwards journal, returns outwards journal, yes
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
