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cash book

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.
If payment is to be made to the person whose name has been written after the words “pay” on cheque is called a….
a)
bearer cheque
b)
order cheque
c)
dishonour of a cheque
d)
crossed cheque
e)
none of them
2.
Generally cash book is made on which basis.
a)
weekly
b)
monthly
c)
yearly
d)
all of them
e)
any of them
3.

The source document used with to write up the petty cash book is …..

a)

Receipt

b)

Cheque stub

c)

Debit Note

d)

Voucher

4.

What is the cash use for the petty cash book called…..

a)

Float

b)

Expense

c)

Cheque

d)

None of the above

5.

The entry to replenish a petty cash fund includes a credit to

a)

Petty Cash.

b)

Cash.

c)

Freight-In.

d)

Postage Expense.

6.

Which of the following transactions should be entered in the Petty Cash Book?

a)

Salary payments

b)

Stock issued

c)

Subscriptions

d)

Travelling expenses

7.

The person who is responsible for the Petty Cash is called the

a)

Petty Cash Voucher

b)

Administrative Assistant

c)

Perry Cash Assistant

d)

Petty Cashier

8.

The total discount allowed in 3 column cash book will be posted into ________________________ in general ledger.

a)

Discount

b)

Discount Allowed ac

c)

Discount Received ac

d)

Cash ac

9.

If the debit and credit aspects of a transaction are recorded in the cash Book it is a:

a)

(a) Contra entry

b)

(b) Simple entry

c)

(c) Double entry

d)

(d) Single entry

10.

In petty cash Book, the system followed:

a)

(a) Accrual System

b)

(b) Imprest System

c)

(c) Cash System

d)

(d) None of these

11.

Journal entry to restor petty cash is:

a)

Debit: Cash A/c

Credit: Petty Cash A/c

b)

Debit: Petty Cash A/c

Credit: Cash A/c

c)

Debit: Cash A/c

Credit: Bank A/c

d)

Debit: Bank A/c

Credit: Cash A/c

12.

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?

a)

26

b)

37

c)

83

d)

94

13.

Petty cashier starts each period with a fixed amount of money. This is known as the _________ .

a)

Imprest amount

b)

bank balance

c)

cash balance

d)

bank overdraft

14.

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.

a)

Cash System

b)

Imprest System

c)

Credit System

d)

Current System

15.

A ________ book is used to record low-value (petty) cash payments.

a)

Purchases

b)

Sales

c)

Cash

d)

Petty Cash

16.

Discount column on the debit side of the cash book represents to __________ .

a)

Discount Received

b)

Discount Allowed

17.

The ________ columns in the cash book are not a part of the double entry system.

a)

Cash

b)

Bank

c)

Discount

18.

From the following which is an example of contra entry?

a)

Purchased goods for cash

b)

Sold goods for cash

c)

Cash paid into the bank

d)

Withdrawn cash from bank for personal use

19.

A _______ occurs when more has been paid out of the bank than was put into the bank account

a)

bank balance

b)

bank overdraft

c)

profit

d)

loss

20.

A _________ is one which appears on both sides of the cash book.

a)

Correction Entry

b)

Adjustment Entry

c)

Contra Entry

d)

Entry for Cash Purchases