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JAMB and WAEC Accounts (Principles of Accounts) questions: Petty cash and the imprest system

26 questions with answers and explanations. Tap an option to check yourself.

AllJAMBWAEC
All topicsAccounting concepts and conventions · 35Accounts of not-for-profit organisations · 29Accruals, prepayments and provisions · 34Bank reconciliation statements · 31Branch and departmental accounts · 29Company accounts · 33Control accounts · 30Depreciation of non-current assets · 34Double entry and the ledger · 38Final accounts of a sole trader · 39Incomplete records · 31Manufacturing accounts · 29Nature and purpose of accounting · 29Partnership accounts · 34Petty cash and the imprest system · 26Public sector accounting · 30Source documents and books of original entry · 30The cash book and discounts · 33The trial balance and errors · 35

  1. Question 21· Petty cash and the imprest system· WAEC

    The analysis columns in a petty cash book help to

    Explanation and discussion

  2. Question 22· Petty cash and the imprest system· JAMB

    The analysis columns of a petty cash book help to

    Explanation and discussion

  3. Question 23· Petty cash and the imprest system· WAEC

    A petty cash voucher is used to

    Explanation and discussion

  4. Question 24· Petty cash and the imprest system· JAMB

    Under the imprest system, the petty cashier is reimbursed with

    Explanation and discussion

  5. Question 25· Petty cash and the imprest system· JAMB

    The petty cash book is usually balanced

    Explanation and discussion

  6. Question 26· Petty cash and the imprest system· WAEC

    Which of these is a suitable petty cash payment?

    Explanation and discussion

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