Question
David wants to replenish the Rs150 petty cash fund. He has receipts for the following total payments: supplies, Rs36; and postage (Office Expense), Rs27. A cash count shows Rs87 in the petty cash box. What is the correct journal entry to record the transaction?
Answer: Option C
:
C
Debit Office Expense Rs27, debit Supplies Rs36 and credit Petty Cash Rs63
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:
C
Debit Office Expense Rs27, debit Supplies Rs36 and credit Petty Cash Rs63
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