Kas Kecil & Rekonsiliasi Bank Quiz

Which of the following statements best describes the reason for using the imprest system in petty cash?

• Facilitates recording large transactions

• Avoids large idle cash balances

• Simplifies the audit process

• Automatically increases cash balance

• Determines the final balance at the end of each month

In the imprest system, the replenishment of petty cash is done...

• At the end of each working day

• Based on the estimated future expenses

• According to the amount that has been spent

• When the balance is absolutely zero

• Automatically by the bank

A cashier recorded a purchase of stationery for Rp150,000 from petty cash. However, the transaction receipt is lost. What is the most appropriate step as an accountant?

• Record the transaction as a receivable from the cashier

• Delete the transaction due to lack of evidence

• Create an internal memo as a substitute

• Postpone recording until the evidence is found

• Report the cashier to the legal department

Which of the following is not a common expense recorded through petty cash?

• Buying coffee for guests

• Paying monthly electricity bill

• Buying stamps

• Parking costs for external meetings

• Document photocopying costs

A company has a surplus in petty cash of Rp50,000. What is the most appropriate accounting treatment?

• Considered other income

• Returned to shareholders

• Recorded as a liability

• Reinvested

• Charged as administrative expense

A staff member requests reimbursement of Rp200,000 without a transaction receipt. As the petty cash treasurer, what is a wise and professional decision?

• Reject outright

• Approve because the staff is trustworthy

• Request a statement letter for the expenditure

• Record without evidence

• Give half of the amount

What are the consequences if petty cash is managed without a petty cash book?

• Accelerates the recording process

• No impact

• Increased potential for errors and misuse

• Taxes become smaller

• Financial reports remain accurate

In the fixed method (imprest), the journal entry for replenishing petty cash is:

• Petty Cash (D), Cash (K)

• Operating Expense (D), Petty Cash (K)

• Operating Expense (D), Cash (K)

• Petty Cash (D), Operating Expense (K)

• Cash (D), Petty Cash (K)

When petty cash expenditures are not recorded and are directly replenished, the consequence on the financial statements is...

• Expenses are too high

• Current assets are too low

• No impact

• Net income becomes inaccurate

• Petty cash is not

What are the consequences on financial statements if cash is directly refilled?

• Too high expenses

• Too small current assets

• No effect

• Net profit becomes inaccurate

• Cash remains unchanged