Petty Cash Book

what does petty cash book mean?

• use to record low-value cash payments

• a system to record in cash book

• to record assets and liabilities

• to record depreciated cost

what system is used for petty cash book?

• recording system

• analysis system

• cash book system

• impreset system

which of the following are uses of analysis column

• use to analyse the assets and liabilities

• use to resemble a legder account

• use to divide the payments into different categories

• use to count the amount of items in the SOFP

whats the purpose of having petty cash book?

• to facilitate small payments in a business or organization. It caters for items such as postage and stamps, bus fare and stationery

• to record high-value cash payments

• to make sure that the items are recorded

• to let them know the trial balance amount

A bank statement showed a credit balance of $300 on 31 March. On that date unpresented cheques amounted to $120. What was the cash book balance on 31 March?

• $160 credit

• $180 debit

• $420 credit

• $420 debit

which of the followings is advantage of the imprest system of petty cash.

• to increase frauds

• The cash remaining and the vouchers received should equal the imprest

"Tea and bread"will be recorded in the ________ section of petty cash book.

• transportation

• sundry

• expenses

• postage

one of the items below can be found in the petty cash book

• stationery

• school fees

• credit

• debit

a specialized book which is used for recording all small payments or expenses made by a business in a particular period of time is?

• cash book

• General ledger

• petty cash book

• Sales ledger

which of the below are NOT found in a petty cash book?

• amount

• date

• particular

• folio