Petty Cash Management Quiz
Authored by Meei Aj
Business
8th Grade
Used 1+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
39 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The document showing how petty cash was spent is submitted to request:
Salary
Allowance
Reimbursement
Tax relief
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The analysis column labeled “Stationery” will typically include which of the following?
Office pens
Factory tools
Fuel
Repairs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used when a petty cashier returns a record of expenses for review?
Retirement of imprest
Reconciliation
Loan adjustment
Balancing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The imprest system of petty cash ensures that:
Cash is increased monthly
Expenses are eliminated
Petty cash is fixed and replaced after use
Accounts are frozen after each month
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for keeping a separate petty cash book?
To duplicate records
To increase accounting workload
To reduce entries in the main cash book
To confuse petty staff
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How frequently is a petty cash book usually balanced?
Once a year
Weekly or monthly
Daily
It is never balanced
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Petty cash is best used for:
Buying land
Long-term projects
Major investments
Minor expenses like postage and transport
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
