Use the Following Information to Answer Questions on July

question 7

Multiple Choice

Use the following information to answer questions On July 31, the office manager gives instruction to increase the petty cash fund to CHF300.
-The journal entry to replenish the petty cash fund would include a

• A)debit to petty Cash for CHF250.
• B)credit to Cash Over and Short for CHF17.
• C)credit to Cash for CHF242.50.
• D)debit to Accounts Receivable for CHF17.

---

Definitions:

Criminal's Estate

The assets and properties owned by a criminal, which may be subject to legal action or forfeiture in the event of legal proceedings against the individual.

Negligence Action

A legal lawsuit filed when someone suffers harm due to another's failure to take reasonable care.

Insurable Interest

A vested interest by the policyholder in an insurance policy's subject matter, ensuring they suffer a direct financial loss if the insured event occurs.

Negligence

The absence of the diligence that an ordinarily prudent individual would demonstrate in comparable conditions.