Tag: bank book and petty cash book
Questions Related to bank book and petty cash book
State with reasons whether the following statement is true or false:
Petty cash is an expense.
Petty cash book can be treated as _____________.
What is an analytical petty cash book?
Which of the following statements is incorrect?
If the debit and credit aspects of a transaction are recorded in the cash book it is a:
In petty cash book, the system followed ______________.
Where two aspects of transaction are posted in the cash book, such an entry is called _______________.
The balance in the petty cash book is ___________.
The following is the summary of the petty cash transactions for a week:
Income - Opening Balance - Rs. 500; Sale of Stamps - Rs. 10; Sale of Paper - Rs. 50
Expenditure - Travelling expenses - Rs. 150; Subsistence expenses - Rs. 250
Petty cash is maintained using the imprest system.
What sum should be reclaimed by the cashier at the end of the week ?
Impress amount -Rs. 500. what will be the amount of re-imbursement if following expenses were incurred by the petty cashier during the month-telephone = Rs. 150, Tiffin = Rs. 50, small Repairs. =Rs. 30 general expenses = Rs. 100.