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WorksheetsPetty Cash 101
Total questions: 15
Worksheet time: 5mins
It is a small amount of cash kept at hand for making immediate payments for miscellaneous minor expenses.
Gcash
Petty Cash
Bitcoin
Change
True or False
There may be a petty cash fund in each major department of a company.
True
False
Who is responsible for the Petty Cash Fund?
Petty Cash Holder
Petty Cash Banker
Petty Cash Keeper
Petty Cash Custodian
True or False
All PCF Advances/Liquidations & Reimbursements can exceed the P5,000 threshold
True
False
Are employees not allowed to request for another cash advance if they have a pending/unliquidated cash advance?
Yes
No
Maybe
Liquidations must be done within how many working days?
3 working days after the cash advance was made
3 working days before the cash advance was made
4 working days before the cash advance was made
4 working days after the cash advance was made
What is EEB's business style
E .E. Black, Ltd
E. E. Black, Limited
E. E. Blk, Ltd
E. E. Blk, Limited
True or False
All Employee Advances may be subject for approval by the Department Manager / Head and will be assessed on a case-to-case basis.
True
False
True or False
“A complete set of supporting documents may be attached to every liquidation / reimbursement made, regardless of amount”
True
False
You may pick more than one answer
What are the attachment/s needed to be submitted every liquidation / reimbursement
Official Receipt / Sales Invoice and approved petty cash voucher
PO and MRR for purchases amounting to P2,500 and above
Approved OT Request Form for OT Meals (with description of Meals Reimbursement AND a list of the employees covered with signature).
What is E.E. Black, Ltd’s TIN?
000-224-274-000
000-226-285-000
000-228-293-000
000-227-254-000
What is the Complete address of E.E. Black, Ltd?
2F 111 Bldg., Paseo de Roxas, Manila City
2F 101 Bldg., Paseo de Roxas, Makati City
2F 111 Bldg., Paseo di Roxas, Makati City
2F 111 Bldg., Paseo de Roxas, Makati City
The Petty Cash Custodian submit an Excel File of the PCF, together with the hard copy, every what day?
Monday
Tuesday
Wednesday
Thursday
Friday
True or False
“The Accounting Department may be notified before making any purchase of goods amounting to P1,000 and above.”
True
False
All Petty Cash Fund will be subject to a Cash Count conducted by what department?
Accounting Department
Department of Finance
Department of Budget and Management
Commission on Audit
