Petty Cash Book Questions And Answers Pdf

Required c i state the amount of cash there should have been in the petty cash box.

Petty cash book questions and answers pdf. Paid for stationery rs. You can find the questions answers solutions for the chapter 4 of cbse class 11 accountancy in this page. Question 2 list the types of entries in the petty cash.

In most cases the petty cash book is an actual ledger book rather than a computer record. Petty cash book is a type of cash book that is used to record minor regular expenditures such as office teas bus fares fuel newspapers cleaning pins and causal labor etc. Answer petty cash book is a formal summarization of petty cash expenditures sorted by date.

Two column cash book. The receipts are recorded in the dr side and the payments are recorded in the cr side of the cash book. Petty cash book a i and ii b i and iii c ii and iii d iii and iv 5.

Briefly describe when the petty cash fund should be replenished. Petty cash book 14 4 1 simple cash book a simple cash book is prepared like any ordinary account. Purchased envelops rs.

The true bank balance shown in the balance sheet comes from a adjusted cash book b bank statement c petty cash book d cash flow statement answers 1. Petty cash vouchers freight in postage balloons for a special occasion meals. Paid for postage rs.

Three column cash book. On 30 september 2010 there was 20 in the petty cash box and vouchers for expenses totalling 270. Control limit keep track of petty cash expenditure the cash remaining and the vouchers received should equal the imprest can help to reduce fraud or other suitable advantage.