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Homework answers / question archive / The petty cash fund had an initial imprest balance of $230
The petty cash fund had an initial imprest balance of $230. It currently has $15 in cash, $3 in miscellaneous petty cash tickets, and an additional $207 in specific petty cash tickets. The debit to Cash Short & Over would be
Answer:
Cash short & over = 5
Step-by-step explanation
Petty cash fund balance 230
Less cash on hand 15
Less expenses 210
Cash short & over = 5
