Petty Cash Journal (Grade 10 NSC Matric Accounting): Quizzes
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Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What type of journal is a petty cash journal?
What type of journal is a petty cash journal?
A subsidiary journal
What is the source document for all petty cash transactions?
What is the source document for all petty cash transactions?
Petty cash voucher
Which expenses typically have their own analysis columns?
Which expenses typically have their own analysis columns?
Postage and Stationery
What is the key principle of the imprest system?
What is the key principle of the imprest system?
Opening balance equals closing balance
How often are debtor transactions posted to the Debtors Ledger?
How often are debtor transactions posted to the Debtors Ledger?
Daily
When should the sundry account be used?
When should the sundry account be used?
For unusual or one-off transactions
Who provides money to restore the petty cash balance?
Who provides money to restore the petty cash balance?
Head cashier
Who must authorise petty cash payments?
Who must authorise petty cash payments?
Petty cash cashier & senior manager
Where is a stationery expense recorded in analysis columns?
Where is a stationery expense recorded in analysis columns?
Petty cash column & stationery column
Where is the replenishment cheque recorded?
Where is the replenishment cheque recorded?
Cash Payments Journal