Which account is credited to record the issue of petty cash fund ?

Cash account

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Petty cash account

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Bank account

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None

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Solution

The correct option is A
Cash account

The cash account is credited.

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Similar questions

Which account is debited to record the issue of petty cash fund ?

Q. account is debited to record the issue of petty cash fund.

The company replenished the petty cash fund via a cheque of Rs 730. In the journal entry, which account is credited?

Q. Write the most appropriate word / term / phrase which can substitute each of the following statement:

1. Person who maintains petty cash book.
2. A bank account which the businessman prefers to open.
3. Petty cash book in which the payment side is ruled in suitable columns.
4. Subsidiary book in which only credit purchase of goods is recorded.
5. Subsidiary book in which return of goods sold on credit is recorded.
6. Book in which cash discount received and allowed is recorded.
7. Accounting entries passed in journal proper for correction of mistakes committed in the books of accounts.
8. A note issued by buyer to seller giving full details of goods returned.
9. Note issued by seller on receipt of defective goods from customer.
10. Signing on the back of the cheque to transfer its ownership.
11. An extract of customer’s account maintained by bank.
12. A type of cheque where the holder is paid the amount across the counter of the bank.
13. Bank on whom a cheque is drawn.
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15. Document used for depositing cash or cheque into the bank.

The fundamental difference between the Main Cash Book and the Petty Cash Book is that only petty expenses are recorded in the Petty Cash Book. No receipt with the exception of money received from ___are recorded.

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Which account is credited to record the issue of petty cash fund ?

The correct option is A Cash account The cash account is credited.

The correct option is A
Cash account

The cash account is credited.