Tag: recording and posting of cash transactions
Questions Related to recording and posting of cash transactions
The balance in the Petty Cash Book represents income.
The balance in the Petty Cash Book represents expenses.
The balance in the petty cash book is ____________.
Petty cash may be used to pay ______________________.
Balance in a petty cash book is _______.
Fixed assets are __________________.
The petty cashier generally works on _______ system.
Petty Cash Book may be treated as a __________________.
Payments in cash of small amounts like travelling expenses, postage, carriage etc. are recorded in the ________________.
Which of the following is/are advantages of the imprest system?