C Co established a petty cash fund of P40,000. Fund disbursements during the period was P27,363. The petty cash count at the end of the period revealed total bills and coins of P12,834. The entry to record the replenishment would include:     dr Petty Cash Fund 27,363 cr Petty Cash Fund 12,834 dr Cash shortage/overage 197 cr Cash shortage/overage 197

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.