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WorksheetsPETTY CASH
Total questions: 13
Worksheet time: 7mins
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
Which of the following transactions should be entered in the Petty Cash Book?
Salary payments
Stock issued
Subscriptions
Travelling expenses
What is the cash use for the petty cash book called…..
Float
Expense
Cheque
None of the above
A book of account used to record small payments is known as the ……
Cash book
Petty cash book
Sales daybook
Ledger book
The source document used with to write up the petty cash book is …..
Receipt
Cheque stub
Debit Note
Voucher
If the float given to the petty cashier is £200 and £190 was spent during the period, how much is the balance? _____
£10
£190
£100
£200
If the float given to the petty cashier is £200 and £190 was spent during the period, how much should be reimbursed at the end of the period? _______
£200
£10
£190
£100
The person who is responsible for the Petty Cash is called the
Petty Cash Voucher
Administrative Assistant
Perry Cash Assistant
Petty Cashier
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
The Petty Cash Book is the summary of the Petty Cash Vouchers.
True
False
The method for controlling and recording the petty cash is called the
Petty Cash Book
Cash Payments Journal
Cash Book System
Imprest System
What is the name given to the columns in the Petty Cash book?
Line
Miscellaneous
Imprest
Analysis
