A company plans to decrease a $330 petty cash fund to $140. The current balance in the account includes $100 in receipts and $295 in currency. The entry to reimburse and reduce the size of the petty cash fund will include a:

credit to Cash for $155.

debit to Petty Cash for $100.

debit to Cash for $155.

debit to Petty Cash for $140

debit to cash for $155

Explanation:

The petty cash fund is a cash fund set aside by the company for the day to day running of a company without writing a check. in a bid to reduce the petty cash fund of a company from $330 to $140 the company would have debit the required petty cash of $140 from the available petty cash fund of $295

$295 - $140 = $155 ( debit to available cash )

In calculation or entry of petty cash funds, checks and receipts are not entered only cash debits or credits are considered in petty cash funds.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer social mobility;