Tag: Petty Cash

The petty cash float of Alex Trading has an imprest (set) amount of £200.

At the end of December 2023 vouchers in the petty cash box totalled £136 and the amount of cash remaining in the box was only £54.

Which of the following explains the difference?

Select ONE answer:

1. A petty cash voucher for £10 or £10 is missing
2. An employee was given £10 too little when making a petty cash claim
3. An employee reimbursed petty cash with £10 in respect of postage stamps used, but no voucher was prepared
4. A voucher for £10 was put in the box but no payment was made to the employee

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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