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The petty cashier ought to existing all compensated receipts to the corporation cashier as a way to replenish the fund.
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The sum of all petty cash receipts plus the remaining cash must equal the total of the fund amount of money at any specified time.
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To add up the full number of cash and cash you have got, first sort each note and coin Based on benefit. Produce a independent pile for each denomination and after that depend how many of each and every Invoice or coin value you might have.
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The sum of all petty cash receipts additionally the remaining cash should really equal the whole of your fund sum at any supplied time.
Jackson Brothers decided to create a petty cash fund. They approximated that $200 might be desired within the fund. Exhibit the right journal entry to produce the account by choosing the appropriate action from People underneath.
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