NEW
Font size
WorksheetsPetty Cash Book
Total questions: 10
Worksheet time: 5mins
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
