Multiple Choice
A company plans to decrease a $200 petty cash fund to $75.The current balance in the account includes $35 in receipts and $165 in currency.The entry to reduce the size of the petty cash fund will include a:
A) credit to Cash for $90.
B) debit to Cash for $90.
C) debit to Petty Cash for $35.
D) debit to Petty Cash for $75.
Correct Answer:
Verified
Correct Answer:
Verified
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