Wele Waters – Spa Experience

Category: Bookkeeping

  • How is the account Cash Short and Over used?

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    by

    Aaron Perry
    in

    Assume that the company has a petty cash fund of $100 and its general ledger account Petty Cash reports an imprest balance of $100. Let’s now assume that when the petty cash fund is replenished, there is $6.00 on hand and there are $93.00 of petty cash vouchers. The Cash Over and Short account will…