Multiple Choice
A petty cash fund of $250 is replenished when the fund contains $15 in cash and receipts for $230. The entry to replenish the fund would
A) credit Cash Over and Short for $5.
B) credit Miscellaneous Revenue for $5.
C) debit Cash Over and Short for $5.
D) debit Miscellaneous Expense for $5.
Correct Answer:
Verified
Correct Answer:
Verified
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