What is meant by petty cash?

Office Finance Handling Quiz

Quiz
•
Financial Education
•
University
•
Easy
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Advance money for paying security staff salaries.
Used to facilitate periodic expenses abroad in foreign currency.
Cash allocated and used to facilitate expenses for specific purposes.
Money given to the accounting officer to enable them to make payments to contract workers.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the minimum amount usually set by a company as petty cash fund?
RM50
RM500
RM30,000
RM40,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action should be taken if petty cash is lost?
Report to the company manager.
Report to the police within 24 hours.
Investigate the company staff.
Ask for help from other staff to find the lost money.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an expense of petty cash?
Assets
Office supplies.
Postal delivery.
Reimbursement to employees.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What details in a check need to be recorded in the petty cash book?
Name of petty cash recipient
Advance amount
Check number of advance
Signature
I, II and III
6.
OPEN ENDED QUESTION
3 mins • 1 pt
The petty cash book must contain information such as date, item, debit, credit, and balance.
Evaluate responses using AI:
OFF
7.
OPEN ENDED QUESTION
3 mins • 1 pt
The accounting officer does not need to manage the company's petty cash.
Evaluate responses using AI:
OFF
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