Petty Cash

Expenditure can be define as

• the action of saving money

• the action of spending money

• the action of disperse of funds

• the action of stealing funds

Petty Cash is the ______ that a business keeps on hand to make _______ payments.

• money; big

• money; small

• book; purchases

• voucher, purchases

List the type of expenditure the business incurred

Which of the following transactions should be entered in the petty cash book?

• wages

• trade discount

• subscription

• postages

Which of the following is not a group categories used in the petty cash book?

• stationery and carriage

• postages and cleaning

• travelling expenses and postages

• stationery and postages

Reimbursement can be described as

• The action of repaying a person who has spent money

• the action of buying a person a gifts

• the action of selling a product to a person

• the action of paying someone

Petty cash voucher is a _____ requesting ______ for small payment.

• form ; payment

• expenditure; reclaim

• person; petty cash voucher

• payment; a signature

Which of the following is not enter on the petty cash voucher?

• signature

• date

• description

• transaction

What is the cash use for the petty cash book called___________

• expense

• cheque

• float

• none the above