Home For AAT student members AQ 2013 AAT Level 2 (Level 5 in Scotland)

petty cash question

jslutwjslutw Feels At HomeRegistered Posts: 28
I dont understand the answer to this question

a petty cash top up of 35 from the bank has not been entered i got this wrong on past paper can someone explan

Comments

  • PGMPGM Font Of All Knowledge Registered Posts: 1,954
    Cr bank 35
    Dr petty cash 35

    that'd be the entry??
  • anisurrahmananisurrahman Well-Known Registered Posts: 130
    You have to Credit £35 from the Bank account (money out: reduce your bank balance) and Debit the Petty Cash Account ( money in)

    Ronnie
    jslutw wrote: »
    I dont understand the answer to this question

    a petty cash top up of 35 from the bank has not been entered i got this wrong on past paper can someone explan
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