Question 9 The entry to decrease a petty cash fund includes: O A. A debit to Petty Cash and a credit to Cash. A debit to Cash and a credit to Petty Cash. A debit to Cash and a credit to Cash Over and Short. A debit to Cash and a credit to Petty Cash Over and Short. В. O D.

Question 9 The entry to decrease a petty cash fund includes: O A. A debit to Petty Cash and a credit to Cash. A debit to Cash and a credit to Petty Cash. A debit to Cash and a credit to Cash Over and Short. A debit to Cash and a credit to Petty Cash Over and Short. В. O D.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 7QY

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Concept explainers

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.

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Accounting for Cash and cash equivalents

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AMoving to another question will save this response. Question 9 All of the following is included in the "cash and cash equivalent", except: OA Certified checks and personal checks O B. OC O D. Postage on hands. Cashier's checks Money orders A Moving to another question will save this response.
Moving to another question will save this response. Question 8 On a bank reconciliation, the amount of deposit placed in the bank's night depository should be: А. Added to the book balance of cash. В. Deducted from the book balance of cash. С. Added to the bank balance of cash. D. Deducted from the bank balance of cash. Moving to another question will save this response.
A Moving to another question will save this response. Question 10 Ahmed Co. decides to establish a petty cash fund with a beginning balance of BD 500. The journal entry to record establishing the account is: Debit Petty Cash BD 500; credit Cash BD 90; and credit Cash Over and Short BD10. Debit Petty Cash BD 500 and credit Cash BD 500. Debit Cash BD 500 and credit Cash Over and Short BD 500. Debit Cash BD 500 and credit Petty Cash BD 500. А. В. С. D. Ac Moving to another question will save this response. Go
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