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WorksheetsCash Book and Petty Cash Book
Total questions: 10
Worksheet time: 7mins
A Cash Book is used to ______
record receipt of cash
record cash transactions
record credit transactions
record payments by cheque
Which of the following source documents will NOT be used to record transactions in the cash book?
paying-in slip
bank statement
petty cash voucher
cheque counterfoil
A contra entry is when _______
cash is paid out to a supplier
cash is used for business purposes
a double entry is done in the cash book
the owner takes money for personal use
The Petty Cash Book is used to ______
record cash received only
record minor cash payments
record small cash transactions
record cash and bank transactions
The source document used to record information in the petty cash book is called a ______
paying-in slip
bank statement
petty cash voucher
cheque counterfoil
John starts the month with a cash float of $400. He spends $50 on cleaning supplies, $25 on petrol, $75 on stationery and $35 on staff travelling expenses.
How much money should be reimbursed to start the next month?
$185
$215
$400
$585
Jill keeps a cash float of $300. She spends $80 on flowers for reception area, $35 for staff function, $50 for dog license and $20 for cleaning supplies. How much will she start the next month with?
$115
$185
$300
$485
One reason for keeping a petty cash book is ______
to reduce the clutter in the sales ledger
to give the senior accounts more free time
to reduce theft and fraud
to ensure junior staff has some work to do
The total expenses from the petty cash book is posted to the ___
expenses account in the general ledger
expenses account in the sales ledger
discounts accounts in the general ledger
expenses accounts in the general journal
Jake paid us a cheque of $5 850 after giving him a 2.5% discount.
What was the discount amount?
Discount allowed of $150
Discount allowed of $146
Discount received of $150
Discount received of $146
