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- 1. Multiple Choice
Which of the following transactions should be entered in the Petty Cash Book?
Salary payments
Stock issued
Subscriptions
Travelling expenses
- 2. Multiple Choice
The entry to replenish a petty cash fund includes a credit to
Petty Cash.
Cash.
Freight-In.
Postage Expense.
- 3. Multiple Choice
What is the cash use for the petty cash book called…..
Float
Expense
Cheque
None of the above
- 4. Multiple Choice
A book of account used to record small payments is known as the ……
Cash book
Petty cash book
Sales daybook
Ledger book
- 5. Multiple Choice
The source document used with to write up the petty cash book is …..
Receipt
Cheque stub
Debit Note
Voucher
- 6. Fill in the Blank
A book that combines both the cash and bank account is called a ..........
- 7. Fill in the Blank
The business receive money on the ______________________ side of the cash book.
- 8. Fill in the Blank
When the business makes payments it is recorded on the _______________ side of the cash book.
- 9. Fill in the Blank
The _________column in the cash book that shows where to find the other part of the double entry in other books of accounts.
- 10. Fill in the Blank
Aug. 1 Started business with $10,000 in the bank, how should this transaction be recorded in the cash book.
- 11. Fill in the Blank
Aug. 7 Paid rent by cheque $505, how should this transaction be entered in the cash book?
- 12. Fill in the Blank
Paid M. Prince cash $19, How should this be recorded in the cash book?
- 13. Fill in the Blank
___________________ ___________happens when the business gives it customers a cash discount.
- 14. Fill in the Blank
_________ ___________ happens when the business receives a cash discount from their suppliers.
- 15. Fill in the Blank
__________ is the discount; if the business owes Sue $400 and she gave the business 2.5% cash discount.
- 16. Fill in the Blank
___________ is the discount; if Charles owes us $100 and the business allows him 5% cash discount.
- 17. Fill in the Blank
Took cash from the cash till and deposit it in the business bank account. This is an example of a ______ ________
- 18. Fill in the Blank
If the float given to the petty cashier is $200 and $190 was spent during the period, how much is the balance? _____
- 19. Fill in the Blank
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? _______
- 20. Fill in the Blank
_____________ columns is the name given to the expenses column in the petty cash book.
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