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8th - 9th Grade

10 Qs

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Quiz #3

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9th Grade

10 Qs

untitled

untitled

Assessment

Quiz

Special Education, Other, Business, Biology, Social Studies

8th - 9th Grade

Practice Problem

Medium

Created by

Hannah Page

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Petty Cash Voucher is

Used instead of a cheque for small payments

The documentary evidence that a petty cash payment has been made

Is the document taken and presented for payment for small amounts ie milk

A numbered document used to record the balance of the Petty Cash Fund

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Petty Cash Book is the summary of the Petty Cash Vouchers.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A book of account used to record small payments is known as the ……

Cash book

Petty cash book

Sales daybook

Ledger book

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What the purpose the petty cash book?

To keep record of the major expenses of business

To keep record of petty expenses of the business.

To keep record of the debtors who make payments of small amounts.

To access the amount of cash left in the business

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ___________ of petty cash is where the amount spent each period is restored so that the petty cashier starts each period with the same amount.

Cash System

Imprest System

Credit System

Current System

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

“Taxi fare” will be recorded in the ______________ section of the petty cash book.

Postage & Internet

Transportation

Stationery

Sundry

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Balance of Petty Cash is :

(a) An Expense

(b) Revenue

(c) An asset

(d) Liability

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