Petty Cash Book Quiz

Petty Cash Book Quiz

8th Grade

10 Qs

quiz-placeholder

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Petty Cash Book Quiz

Petty Cash Book Quiz

Assessment

Quiz

Business

8th Grade

Hard

Created by

Ayara David

Used 9+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the primary purpose of a petty cash book?

To track small cash expenses for office supplies

To record small cash transactions

To manage cash flow for daily expenses

To monitor cash payments for travel reimbursements

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which section of the restaurant menu lists the desserts available?

Appetizers section

Main course section

Desserts section

Beverages section

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the process of reconciling the cash register called?

Posting

Journalizing

Balancing

Reconciling

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Who is responsible for managing the cash register at the local grocery store?

Accountant

Financial Manager

Bookkeeper

Petty Cash Custodian

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the final step in completing a purchase order?

Calculate the total cost

Obtain approval from the supervisor

Verify the items received

Record the transaction in the purchase ledger

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What columns are typically recorded in a petty cash book?

Date, Description, Amount, Balance, Credit

Date, Description of transaction, Amount, Debit or credit, Running balance

Date, Transaction, Cash, Debit, Credit

Date, Description, Amount, Debit, Credit

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

How to record 'Receipts' in a petty cash book?

Date: Write the date, Description: Describe the source, Amount: Record in debit, Running Balance: Add to previous balance

Date: Write the date, Description: Describe the source, Amount: Record in debit, Running Balance: Subtract from previous balance

Date: Write the date, Description: Describe the source, Amount: Record in credit, Running Balance: Subtract from previous balance

Date: Write the date, Description: Describe the source, Amount: Record in credit, Running Balance: Add to previous balance

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