Self Assessment Quizzes

CHAPTER 22: Section 2 The Petty Cash Fund

	1.	To replenish petty cash

		a.	debit the accounts for which petty cash payments were made and credit Cash in Bank
		b.	debit Cash in Bank and credit the accounts for which petty cash payments were made
		c.	debit Petty Cash and credit the accounts for which petty cash payments were made
		d.	debit the accounts for which petty cash payments were made and credit Petty Cash

	2.	A request for money to replenish the petty cash fund is called a

		a.	cash advance
		b.	request slip
		c.	petty cash register
		d.	petty cash requisition

	3.	A supplemental record of all disbursements from petty cash is called a

		a.	petty cash requisition
		b.	petty cash disbursement record
		c.	petty cash register
		d.	petty cash drawer

	4.	The person responsible for maintaining the petty cash fund and for making disbursements is called

		a.	mom
		b.	the petty cashier
		c.	the cash supplier
		d.	the cash register

	5.	Any amounts of cash gained or lost through errors in petty cash are recorded in

		a.	Cash in Bank
		b.	Petty Cash
		c.	Miscellaneous Expense
		d.	Cash Short & Over

	6.	Proof of payment from the petty cash fund is called a

		a.	petty cash voucher
		b.	cash proof
		c.	petty cash reconciliation
		d.	petty cash list

	7.	A payment made out of the petty cash fund is called a

		a.	cash reimbursement
		b.	cash payment
		c.	petty cash disbursement
		d.	petty cash payment

	8.	A check was issued to establish a petty cash fund. The debit and credit accounts respectively are

		a.	Change Fund and Cash in Bank
		b.	Cash in Bank and Change Fund
		c.	Petty Cash Fund and Cash in Bank
		d.	Cash in Bank and Petty Cash Fund