A company writes a replenishment cheque for the petty cash fund and records the entry with...

 

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A company writes a replenishment cheque for the petty cash fund and records the entry with a credit of $1 to account that will appear as miscellaneous revenue. What is most likely the reasonsing for this credit? O the cash count was higher than the cash receipts by $1 O the cash count was higher than the cash receipts by $.50 O the cash count was lower than the amount of cash receipts by $1 O there was a cash receipt for a deposit of $1 into the petty cash fund A company writes a replenishment cheque for the petty cash fund and records the entry with a credit of $1 to account that will appear as miscellaneous revenue. What is most likely the reasonsing for this credit? O the cash count was higher than the cash receipts by $1 O the cash count was higher than the cash receipts by $.50 O the cash count was lower than the amount of cash receipts by $1 O there was a cash receipt for a deposit of $1 into the petty cash fund

Answer rating: 100% (QA)

The difference in pettty cash expenses and funds during replenishment of pet... View the full answer