Ask Experts Questions for FREE Help !
Ask
    moonkhan's Avatar
    moonkhan Posts: 32, Reputation: 1
    Junior Member
    		  
    #1

    Nov 4, 2008, 06:49 PM
    Petty Cash Accounting
    Identify the two events that cause a Petty Cash Account to be credited in a journal entry
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Nov 5, 2008, 05:02 PM

    The two cases are: (1) there is a decrease in the size of the Petty Cash Fund, and (2) When you permanently close the Petty Cash Fund.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accounting 103, Repenish petty cash [ 1 Answers ]

Petty cash fund for a company is 200. Cash left is 60. Meal expense $100, Equipment $15, Cleaning Expense $5, Cash over/short $20. How do I journalize this. Where does Petty cash go? Where does cash left go? Where does expenses go? Where does cash over/ short go? I mean in the journal page. Which...

Petty cash [ 4 Answers ]

What is the transaction for petty cash? :confused: Paid petty cash 102.23 Factory supply 25.07 Sales supplies 14.73 Factory miscellaneous expense 21.00 Sales miscellaneous expense 22.35 Administrative miscellaneous expense 19.08

View more questions Search