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Petty Cash Brain Wrap

Create an image of a small cash box filled with coins and receipts, surrounded by office supplies like pens, paper, and a calculator. The background should be a cozy office environment.

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

10 Questions2 MinutesCreated by CountingCash101

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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