EXERCISE 6-6 Record entries in general journal form to record the following : a. Established a Petty Cash Fund, \$100 . Issued Ck. No. 857 b. Reimbursed the Petty Cash Fund for expenditures of 98: Store Supplies, $38; Office Supplies, $21; Miscellaneous Expense, $39. Issued Ck c Increased the amount of the fund by an additional $50. Issued Ck. No. 891 d. Reimbursed the Petty Cash Fund for expenditures of 96.58 : Store Supplies , $41.68 ; Delivery Expense , $35.00 ; Miscellaneous Expense , $ 19.90 . Issued No. 936 .

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A: Petty cash fund is a fund which is established for small petty expenses in the business.

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A: Petty cash fund is established for the petty business expenses.

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A: The petty cash fund is established to maintain the cash balance for smaller cash transactions of the…

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A: Petty Cash Book record all the small amount of huge transactions.

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A: Petty cash is a fund maintained by th business for the small payments to be made on daily basis.

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A: Petty cash is small cash funds kept to meet day to day expenses.

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A: Given that, On January 1, Petty cash fund = $160  On January 8, Fund shows cash = $61  Expenditures…

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A: Petty cash reimbursement is the reimbursement which is made by the company so that the cash balance…

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A: Petty cash is a cash account available for paying the daily small amount of transactions.

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A: Option B 3,950,000

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A: Amount spent=$212+$156+$61=$429

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A: The petty cash fund is created for the day to day cash expenses of the business.

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A: The process of recording business transactions in the books of accounts for the first time is known…

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Q: do not equal $1,290

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A: Journal is the book of original entry in which all the financial transactions of the business are…

Q: answer

A: Answer: The adjusted cash balance per books as per 31st August. Particulars Amount (€) Cash…

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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.