Journal entry for cash handed over to the petty cashier is :-
Petty Cash A/c Dr.
To Cash A/c

True

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False

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Solution

The correct option is A True
Petty cash fund is created by cash withdrawing from bank and handing over to the person who maintains petty cash fund. In a smaller organization, the amount received from the debtor (in cash) shall also part of a cash
Contra – Petty Cash A/c Dr. xxxx
To Bank A/c xxxx
Receipt – Cash A/c Dr. xxxx
To Debtor A/c xxxx

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Similar questions

Q. Cash in hand with the petty cashier is shown as....

Q. A Petty Cashier in a firm received ₹ 15,000 as the petty cash imprest on 4th June, 2018. During the week, his expenses were as follows:

2018		₹
June 4	Conveyance charges for Manager's trip to the city	500
June 4	Wages to casual labourers	1,500
June 5	Bus fare to workmen sent to customer's premises	200
June 5	Stationery purchased for ₹ 1,000 plus CGST and SGST @ 6% each
June 6	Sent documents to Head Office by registered post	400
June 6	Postage stamps purchased	1,000
June 6	Revenue stamps for payment of wages	500
June 7	Repair of printer	400
June 7	Paid electricity bill	1,700
June 8	Wages paid to coolies for shifting furniture, etc.	400
June 8	Taxi fare to Assistant Manager	500
June 8	Letters by registered post sent to different suppliers	1,000
June 8	Locks purchased for ₹ 800 plus CGST and SGST @ 6% each
June 8	Stationery purchased for ₹ 400 plus CGST and SGST @ 6% each
June 8	Refreshments to customers	200

Write up the Analytical Petty Cash Book and draft the necessary Journal entries for the payments made.

Q. When Petty Cash is advanced to the Petty Cashier, the main cashier will record it on the debit side of Cash Book.

Q. With Goods and Services Tax (GST)

A Petty Cashier in a firm received ₹15,000 as the petty cash imprest on 4th June, 2017. During the week, his expenses were as follows:

2017		₹
June 4	Conveyance charges for Manager's trip to the city	500
June 4	Wages to casual labourers	1,500
June 5	Bus fare to workmen sent to customer's premises	200
June 5	Stationery purchased for ₹1,000 plus CGST and SGST @ 6% each
June 6	Sent documents to Head Office by registered post	400
June 6	Postage stamps purchased	1,000
June 6	Revenue stamps for payment of wages	500
June 7	Repair of typewriter	400
June 7	Paid electricity bill	1,700
June 8	Wages paid to coolies for shifting furniture, etc.	400
June 8	Taxi fare to Assistant Manager	500
June 8	Letters by registered post sent to different suppliers	1,000
June 8	Locks purchased for ₹800 plus CGST and SGST @ 6% each
June 8	Stationery purchased for ₹400 plus CGST and SGST @ 6% each
June 8	Refreshments to customers	200

Write up the Analytical Petty Cash Book and draft the necessary Journal entries for the payments made.

David wants to replenish the Rs150 petty cash fund. He has receipts for the following total payments: supplies, Rs36; and postage (Office Expense), Rs27. A cash count shows Rs87 in the petty cash box. What is the correct journal entry to record the transaction?

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Journal entry for cash handed over to the petty cashier is :- Petty Cash A/c Dr. To Cash A/c

Journal entry for cash handed over to the petty cashier is :-
Petty Cash A/c Dr.
To Cash A/c