Which account is debited 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 B
Petty cash account

The petty cash account is debited.

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Which account is credited 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?

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