Short Case 1On October 1, 2012, Al Zahra Trading Co. established a petty cash fund for OMR 175and a cheque is written for the same amount and made out to Ms. Fatma, the petty cashcustodian. At the end of each month the fund is to be replenished. At the end of themonth, Fatma has the receipts for the following:Office suppliesOMR 60Delivery expensesOMR 50PostageOMR 20EntertainmentOMR 30Required:Write relevant journal entries.

The journal entries to record petty cash transactions include entries for establishment,…

Answered: petty cash fund f

Business

Accounting

petty cash fund f

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter6: Cash And Internal Control

Section: Chapter Questions

Problem 6.6E

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