Petty cash balance each week £150. At the end of week there are some vouchers with petty cash of £16.20, £10.37, £31.65. What transactions should be recorded in order to restore the patty cash balance:
1. Dr Bank £91.78 Cr Petty cash £91.78 2. Dr Petty cash £91.78 Cr Bank £91.78 3. Dr Petty cash £58.22 Cr Bank £58.22 4. Dr Bank £58.22 Cr Petty cash £58.22
Could you please explain me which one in correct and why? Thank you in advance.