On 30 June,the Petty Cash Fund of Charles Ltd Was $\quad$

question 30

Multiple Choice

On 30 June,the petty cash fund of Charles Ltd was replenished when the count of petty cash on hand totalled $60.Vouchers revealed that postage expenses of $40 had been incurred.The journal entry to record replenishment was:

• A) Dr Postage expense$40\(\quad \)\(\quad \)Cr Cash$40
• B) Dr Postage expense$40\(\quad \)\(\quad \)CrPetty cash$40
• C) Dr Petty cash$40\(\quad \)\(\quad \)\(\quad \)\(\quad \)Cr Cash$40
• D) none of the answers provided.

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