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A Petty Cash Fund of $100 Is Replenished When the Fund

Question 70

Multiple Choice

A petty cash fund of $100 is replenished when the fund contains $4 in cash and receipts for $93. The entry to replenish the fund would


A) credit Cash Over and Short for $3.
B) credit Miscellaneous Revenue for $3.
C) debit Cash Over and Short for $3.
D) debit Miscellaneous Expense for $3.

Correct Answer:

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