I have an established petty cash fund that is being returned. I know I need to debit the cash I've received back (1.48) as well as debit the expenses (48.53) and then credit the petty cash fund for 50.01 in order to zero out the fund. However, my net cash is affected - what other account(s) do I need to debit?

What entries are needed to permanently eliminate the petty cash fund?

What entries are needed to close a petty cash fund?

I don't understand. Are you meaning you're just "undoing" your petty cash fund?

If your pretty cash fund was $50, you can't credit $50.01. Technically, that .01 off is Cash Short & Over.

The only journal entries you will make regarding a petty cash fund is:

1. When you establish a petty cash fund.

2. When you increase or decrease the size of the fund.

3 When you terminate a petty cash fund.

If you are talking about giving someone some amount of money to pay for an incendental expense and that person returns some of the money, then there is no journal entry.

When you replenish your petty cash fund your journal entries will be:
Debit appropriate Expense Accounts
Credit Cash
Either debit or credit Cash Short & Over for the difference between the amount of expenses and the amount of cash to replenish the fund.

Please do not keep posting the same question over and over. It just confuses things having the same post all over the place, and slows us down. I've merged your posts into one thread.