if-a-petty-cash-fund-is-short-by-3-what-account-should-be-used-to-reconcile-the-

Question

If a petty cash fund is short by $3, what account should be used to reconcile the discrepancy?

Accepted Answer

Cash Over and Short

Answer

Petty Cash

Answer

Accounts Receivable

Answer

Accounts Payable

If a petty cash fund is short by \$3, what account should be used to reconcile the discrepancy?