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5-4 Petty Cash Quizizz

Authored by Marian Moore

Business

9th - 12th Grade

Used 8+ times

5-4 Petty Cash Quizizz
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11 questions

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1.

FILL IN THE BLANK QUESTION

2 mins • 10 pts

An amount of cash kept on hand and used for making small payments is called ______ ____.

2.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Petty cash has a normal credit balance.

True

False

Answer explanation

Petty cash has a normal debit balance.

3.

DRAG AND DROP QUESTION

2 mins • 10 pts

When establishing a petty cash fund in a General Journal, you must ​ (a)   Petty Cash and ​ (b)   Cash.

debit
credit

4.

MULTIPLE CHOICE QUESTION

2 mins • 10 pts

The source document for establishing a petty cash fund is a _____.

receipt

memorandum

check

invoice

5.

FILL IN THE BLANK QUESTION

2 mins • 10 pts

A form showing proof of a petty cash payment is called a ____ _____ _____.

6.

FILL IN THE BLANK QUESTION

2 mins • 10 pts

A petty cash on hand amount that is less than the recorded amount is called _____ _____.

7.

FILL IN THE BLANK QUESTION

2 mins • 10 pts

A petty cash on hand amount that is more than the recorded amount is called ____ ____.

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