Company plans to decrease


A company plans to decrease a $200 petty cash fund to $75. The current balance in the account includes $45 in receipts and $165 in currency. The entry to reduce the fund will include:Debit to Cash for $90.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Company plans to decrease
Reference No:- TGS0713642

Expected delivery within 24 Hours