Multiple Choice
A company had $43 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure when reimbursing the fund is to:
A) Debit Cash Over and Short for $43.
B) Credit Cash Over and Short for $43.
C) Debit Petty Cash for $43.
D) Credit Petty Cash for $43.
E) Credit Cash for $43.
Correct Answer:
Verified
Correct Answer:
Verified
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