accounting period. A check is written on the company’s main checking account for the needed amount. This will be a credit to Cash. The petty cash vouchers (receipts, documentation) determine the general ledger accounts to be debited. Any difference in the amounts of debits and credits goes...
Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their career. ...