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Worksheetscash book
Total questions: 20
Worksheet time: 10mins
The source document used with to write up the petty cash book is …..
Receipt
Cheque stub
Debit Note
Voucher
What is the cash use for the petty cash book called…..
Float
Expense
Cheque
None of the above
The entry to replenish a petty cash fund includes a credit to
Petty Cash.
Cash.
Freight-In.
Postage Expense.
Which of the following transactions should be entered in the Petty Cash Book?
Salary payments
Stock issued
Subscriptions
Travelling expenses
The person who is responsible for the Petty Cash is called the
Petty Cash Voucher
Administrative Assistant
Perry Cash Assistant
Petty Cashier
The total discount allowed in 3 column cash book will be posted into ________________________ in general ledger.
Discount
Discount Allowed ac
Discount Received ac
Cash ac
If the debit and credit aspects of a transaction are recorded in the cash Book it is a:
(a) Contra entry
(b) Simple entry
(c) Double entry
(d) Single entry
In petty cash Book, the system followed:
(a) Accrual System
(b) Imprest System
(c) Cash System
(d) None of these
Journal entry to restor petty cash is:
Debit: Cash A/c
Credit: Petty Cash A/c
Debit: Petty Cash A/c
Credit: Cash A/c
Debit: Cash A/c
Credit: Bank A/c
Debit: Bank A/c
Credit: Cash A/c
A trader maintains a petty cash book using the imprest system. The monthly imprest is $120. The petty cash transactions during August were -
Payments: Taxi fare $12; Stationery $31; Postage $8; Waheed, a credit supplier $43
Receipts: Refund for damaged stationery 11
How much was given to the petty cashier on 1 September to restore the imprest?
26
37
83
94
Petty cashier starts each period with a fixed amount of money. This is known as the _________ .
Imprest amount
bank balance
cash balance
bank overdraft
The ___________ of petty cash is where the amount spent each period is restored so that the petty cashier starts each period with the same amount.
Cash System
Imprest System
Credit System
Current System
A ________ book is used to record low-value (petty) cash payments.
Purchases
Sales
Cash
Petty Cash
Discount column on the debit side of the cash book represents to __________ .
Discount Received
Discount Allowed
The ________ columns in the cash book are not a part of the double entry system.
Cash
Bank
Discount
From the following which is an example of contra entry?
Purchased goods for cash
Sold goods for cash
Cash paid into the bank
Withdrawn cash from bank for personal use
A _______ occurs when more has been paid out of the bank than was put into the bank account
bank balance
bank overdraft
profit
loss
A _________ is one which appears on both sides of the cash book.
Correction Entry
Adjustment Entry
Contra Entry
Entry for Cash Purchases
