If a Petty Cash Fund Is Established in the Amount $£ 250$

question 89

Multiple Choice

If a petty cash fund is established in the amount of $£ 250$ , and contains $£ 150$ in cash and $£ 95$ in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following accounts

• A) Petty Cash, £95.
• B) Petty Cash, £100.
• C) Cash, £95; Cash Over and Short, £5.
• D) Cash, £100.

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Definitions:

Debris Flows

Rapid, downhill flow of soil and rock fragments containing a large amount of water, which makes the mixture thick and fluid-like.

River Terrace

A flat, bench-like structure along the sides of a valley, formed by the erosion of a river and representing a previous level of the river bed.

Rock Falls

A geological occurrence where rocks or debris fall freely from a cliff or hillside, often due to erosion or weathering.

River Terraces

Stepped platforms along a river valley, formed by the river cutting into its own floodplain or valley floor at different times, reflecting changes in water level or flow.