
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- To establish a petty cash fund, which account is debited ?arrow_forwardWhich adjustments need to be recorded in the accounting records? Those that affected the bank balance or the cash account balance in the ledger? What is the result of the adjustments not being recorded?arrow_forwardat the time of replenishment, why are the totals of individual expenses debited? explain the relationship of the auxiliary petty cash record to the recording of the cash payment explain how cash short and over can be miscellaneous expensearrow_forward
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