Petty Cash Brain Wrap
Petty Cash Management Quiz
Test your knowledge on petty cash management with our engaging quiz! Assess your understanding of petty cash procedures, the role of the petty cashier, and best practices for handling funds.
Key features of the quiz:
- 10 multiple choice questions
- Instant feedback on your answers
- Suitable for professionals and students alike
The Petty Cashier is normally in charge of the fund
True
False
The cheque given to start the fund is known as an establishment cheque
True
False
The petty cash fund should be left in an open space for easy access.
True
False
An imprest system involves reimbursement of the fund to the original level.
True
False
Sundries is another name for miscellaneous.
True
False
Buying cigarettes out of petty cash would be an authorised expenditure.
True
False
All transactions should be evidenced by a completed voucher and a receipt.
True
False
The amount left in the tin is the amount of the reimbursement cheque.
True
False
There is GST on most petty cash expenditures.
True
False
Petty cash vouchers should be kept in numerical order.
True
False
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