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    rickuitputh's Avatar
    rickuitputh Posts: 3, Reputation: 1
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    #1

    Aug 14, 2008, 03:24 PM
    Petty cash fund
    What are payments made from $80 petty cash fund if there's $4 shortage and $6 is left in account?
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
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    #2

    Aug 14, 2008, 03:28 PM
    Are you trying to get us to do your homework for you?

    If so, post your answer, and we'll discuss it, but we are not allowed to do it for you here.
    rickuitputh's Avatar
    rickuitputh Posts: 3, Reputation: 1
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    #3

    Aug 14, 2008, 03:32 PM
    Quote Originally Posted by progunr
    Are you trying to get us to do your homework for you?

    If so, post your answer, and we'll discuss it, but we are not allowed to do it for you here.
    No it's not homework I don't even study accounting, I'm a student in the country of Holland.
    My brother has some accounting books laying around and I'm trying to understand them, but there is a question on this page with no answer and I have no idea what they mean with it, I can't find the answer anywhere and I was just wondering and surfing the internet. Looking if somebody could asnwer my question, if not, that's too bad. But if anyone would answer it, it would help me realise what they mean.

    Thanks,

    Rj
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
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    #4

    Aug 14, 2008, 03:39 PM
    Hummmmm... you know you really should avoid using your full name on the internet.

    It really is just simple math, you really can't figure it out?

    You start with $80.

    You have a $4 shortage between what has been paid, and what is left over.

    You have $6 in the drawer.

    Cmon', you can get it.
    rickuitputh's Avatar
    rickuitputh Posts: 3, Reputation: 1
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    #5

    Aug 14, 2008, 05:24 PM
    totall payments $84?
    6-4 = 2 left in the drawer?
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
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    #6

    Aug 14, 2008, 05:44 PM
    How about this.

    $80 in the drawer to begin with.

    $6 in the drawer now.

    You know that your short $4 TOTAL, not from the $6 in the drawer, but from the original
    $80 you started with.

    So... if you weren't short the $4, you would have $10 left in the drawer, right?

    So now what would you subtract from the $80 you started with, and after you subtract that, how much was actually spent.
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