Which of the following is the journal entry to record the establishment of a petty cash fund?debit Petty Cash, credit Cashdebit Cash, credit Petty Cashdebit Petty Cash, credit Accounts Payabledebit Accounts Payable, credit Petty Cash

Essential Small Business Accounting Tasks
Bookkeeping: Regularly documenting receipts, invoices, and bank transactions.
Reconciliation: Checking bank statements against accounting records to ensure accuracy.
Tax Compliance: Tracking expenses to calculate and settle tax liabilities, such as VAT or income tax.