Petty Cash Books — Practice Questions

Name: JomKelas
Address: Kuala Lumpur, Wilayah Persekutuan, MY
Telephone: +60175850844
Price range: RM50 - RM300
Rating: 4.9

Question 1

The petty cash book records:

Accepted Answer

small everyday cash payments — It records small everyday cash payments.

Question 2

The fixed starting amount in the imprest system is the:

Accepted Answer

float (imprest amount) — The starting amount is the float.

Question 3

An example of a petty cash payment is:

Accepted Answer

postage — Postage is a small routine payment.

Question 4

The imprest system keeps the float:

Accepted Answer

at a fixed level after reimbursement — Reimbursement restores the fixed float.