Answer:
Petty Cash is debited when funds are replenished.
Explanation:
When a petty cash fund is in use: Petty Cash is debited when funds are replenished.
Pretty cash transactions provide convenience for small transactions for which issuing a check is unreasonable or unacceptable i.e a small amount of currency that a company uses to pay small amounts without writing a check, it permit cash disbursements and still maintain adequate control over cash. they are managed through a series of journal entries
A pretty cash fund is a small amount of bills that a company keeps on the premises to pay for minor expenditure.
