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Question: Small payments are recorded in a book called: a) Cash Book b) Small Payments Book c) Purchase Book d) Petty Cash Book
Answer: (d) Petty Cash Book
Description: In a business house a number of small payments, such as for telegrams, taxi fare, cartage etc have to be made. If all these payments are recorded in the cash book, it will become unnecessarily heavy and main cashier will be over burdened too. Therefore, such small payments are recorded in a book called Petty Cash Book.
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Question: Small payments are recorded in a book called:
a) Cash Book
b) Small Payments Book
c) Purchase Book
d) Petty Cash Book
Answer: (d) Petty Cash Book If you have the better answer, then send it to us. We will display your answer after the approval Rules to Post Answers in CoolInterview.com:-
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Cash book is a form of: a) Trial balance b) Ledger c) Journal d) All of the above |
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The balance of Petty Cash is:- (a) An Expense (b) Reserve (c) An Asset (d) Payment |
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