Petty Cash Book Quiz
Quiz
•
Business
•
8th Grade
•
Hard
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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