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28-08-2020
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A company wants to decrease its $200.00 petty cash fund to $100.00. The entry to reduce the fund is:

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Tundexi Tundexi

31-08-2020

Answer:

Debit to Cash $100, Credit to Petty cash $100

Explanation:

A company wants to decrease its $200.00 petty cash fund to $100.00. The entry to reduce the fund is:

Date Journal Entry Debit Credit

Cash $100

Petty cash $100

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