Admas University

Kality campus
Department of accounting
Unit of competence: Establish and maintain a cash accounting system. Time allowed 25 m
Name………………………………………………………………….. ID no………………. Section………………………
1. Petty cash account is only recorded as a debit side except when
A. Petty cash fund is replenished
B. Petty cash fund is established
C. Petty cash fund is needed to increase
D. Manager decide to increase the amount
2. How much is the amount of missed a Br800 petty cash fund has cash of Br39 and receipts of
Br745.
A. Br 745 B. Br 800 C. Br 761 D. 771
3. Which one of the following is true about petty cash fund
A. Petty cash fund is a small amount of fund used for small of payment
B. Petty cash fund is a small fixed amount established opened to small expense
C. Petty cash is a small fixed amount established to acquisition of asset that has small
amount
D. All of the above
4. If amount missed is less than total expense paid the difference would be recorded and reported
as
A. Cash short and over and miscellaneous expense
B. Cash short and over and other income
C. Change of fund and miscellaneous expense
D. Change of fund and other income
5. The petty cash book is used for recording
A. Petty cash payment
E. Petty cash receipts
F. All cash payment
G. All of these
6. The entry to replenish a petty cash fund includes a credit to
A. Petty Cash.
B. Cash.
C. Transportation expense
D. Postage Expense.
7. A Br 300 petty cash fund has cash of Br39 and receipts of Br255. The journal entry to replenish
the account would include
A. Debit to Cash for Br255.
B. Credit to Petty Cash for Br255.
C. Debit to Petty Cash for Br261.
D. Credit to Cash for Br261.
8. Which one of the following true about cash short and over if a 800 petty cash fund has cash of
Br 40 and total receipt of Br 755.
A. Debit to cash short and over for Br 5
B. Credit to cash short and over for Br 5
C. Cash short and over reported as other income
D. All of the above
Admas University
Kality campus
Department of accounting
Unit of competence: Establish and maintain a cash accounting system. Time allowed 25 m
Name………………………………………………………………….. ID no………………. Section………………………
9. If amount missed is greater than total expense paid the difference would be recorded and
reported as
a. Cash short and over and miscellaneous expense
b. Cash short and over and other income
c. Change of fund and miscellaneous expense
d. Change of fund and other income

10. A Br150 petty cash fund has cash of Br21 and receipts of Br126. The journal entry to replenish
the account would be
A. Cash............ Br126
Petty Cash.............Br 126
B. Miscellaneous Expense............Br 126
Cash Over and Short ..................Br 3
Cash............................................Br 129
C. Miscellaneous Expenses .............Br 126

Cash Over and Short..................Br 3

Petty Cash.......................Br 129

D. Miscellaneous Expenses .....................Br 129

Cash Over and Short.........................Br 3

Cash...................................................Br 126