General
Petty Cash Overage (Extra Cash Found)
Adjusting the petty cash fund when the physical count is higher than the records.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Petty Cash | Asset (+) | 5.00 | - |
| Cash Over and Short | Other Income (+) | - | 5.00 |
💡 Accountant's Note
If the drawer has more money than the receipts show, you must increase the book balance and record the difference as 'Cash Over and Short'.
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