WorksheetsPetty Cash Book
Total questions: 26
Worksheet time: 13mins
Which of the following transactions should be entered in the Petty Cash Book?
Salary payments
Stock issued
Subscriptions
Travelling expenses
The method for controlling and recording the petty cash is called the
Petty Cash Book
Cash Payments Journal
Cash Book System
Imprest System
___________ is the officer who maintains a petty cash book.
Accountant
Petty cashier
Bookkeeper
Secretary
An amount of money given to the petty cashier at the beginning of the month in advance for the immediate basic needs of a business or organization is known as
Cash
Petty cash
Imprest
Reimbursement
A small amount of money kept for immediate basic expenses in the office or business is known as
Little cash
Small cash
Pretty cash
Petty cash
A _________ is one which appears on both sides of the cash book.
Correction Entry
Adjustment Entry
Contra Entry
Entry for Cash Purchases
What is petty cash float.?
the total amount of cash used to meet the needs of the business
the total amount of cash used to meet the needs of the accountant
the total amount of cash used to meet the needs of the petty cashier
What the purpose the petty cash book?
To keep record of the major expenses of business
To keep record of petty expenses of the business.
To keep record of the debtors who make payments of small amounts.
To access the amount of cash left in the business
“Taxi fare” will be recorded in the ______________ section of the petty cash book.
Postage & Internet
Transportation
Stationery
Sundry
“Purchase of recharge card” will be recorded in the ___________ section of the petty cash book.
Postage & Internet
Transportation
Stationery
Sundry
___________ is the officer who maintains a petty cash book.
Accountant
Petty cashier
Bookkeeper
Secretary
An amount of money given to the petty cashier in the middle of the month in order to purchase the immediate basic needs of a business or organization is known as
Cash
Petty cash
Imprest
Reimbursement
An amount of money given to the petty cashier at the beginning of the month in advance for the immediate basic needs of a business or organization is known as
Cash
Petty cash
Imprest
Reimbursement
One of the items which can be found in a petty cash book is
Stationery
School fees
Credit
Debit
Which of the following sections is not found in a petty cash book?
Date
Particular
Folio
Amount
A specialized book which is used for recording all small payments or expenses made by a business in a particular period of time is called
Purchase ledger
Sales ledger
Pretty cash book
Petty cash book
A small amount of money kept for immediate basic expenses in the office or business is known as
Little cash
Small cash
Pretty cash
Petty cash
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 Petty Cash Book is used to ______
record cash received only
record minor cash payments
record small cash transactions
record cash and bank transactions
When the business makes payments it is recorded on the (a) side of the cash book.
The business receive money on the (a) side of the cash book.
A book that combines both the cash and bank account is called a (a)
A book that combines both the cash and bank account is called a (a)
A book of account used to record small payments is known as the ……
Cash book
Petty cash book
Sales daybook
Ledger book
What is the cash use for the petty cash book called…..
Float
Expense
Cheque
None of the above
Which of the following transactions should be entered in the Petty Cash Book?
Salary payments
Stock issued
Subscriptions
Travelling expenses
