When a petty cash book is kept there will be. (2024)

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Journal & Ledger for Petty Cash Book

When a petty ...

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Solution

(A) No entries were made at all in the general ledger for items paid by petty cash.
See Also
3 Golden Rules of Accounting | Types and Examples Who keeps a petty cash book?Cash Book Format - GeeksforGeeks Whatis petty cash book? How it is prepared?
(B) The same number of entries in the general ledger.
(C) Fewer entries were made in the general ledger.
(D) More entries are made in the general ledger.
Answer: (B) The same number of entries are made in the general ledger.
Explanation: Every transaction in the petty cash book of debit or credit will have a respective entry in the general ledger of debit or credit balance. Mostly, the transaction of petty cash is debited while crediting the cash account or the respective account.
Also see:
MCQs on Journal Entries
Types of Cash Book

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Similar questions

Q. Record the following transactions in a Petty Cash Book with suitable columns. The book is kept on imprest system, amount of imprest being ₹ 4,000.

2017
April 1	Petty cash in hand ₹ 540, Received cash to make-up the imprest.
	Paid for office cleaning ₹ 100.
April 4	Paid railway fare ₹ 320, bus fare ₹ 280, wages ₹ 150.
April 5	Bought shorthand note books for office ₹ 370.
April 7	Paid carriage on parcels ₹ 150, paid for wages ₹ 220.
April 10	Bought stamps for ₹ 300, envelopes for ₹ 450 and an accounts register for ₹ 400.
April 12	Paid for repairs ₹ 200, gave tips to office peon ₹ 150.
April 13	Gave charity ₹ 100, served tea to customers ₹ 250.
April 15	Paid for wages ₹ 160, rewards to servant ₹ 100.

Q. Enter the following transactions in a petty cash book in analytical form. The book is kept on imprest system, amount of imprest being ₹ 5,000.

2016
April 3	Petty Cash in hand ₹ 420. Received cash to make-up the imprest.
	Bought stamps for ₹ 300.
April 5	Paid for office cleaning ₹ 200 and repairs to furniture ₹ 250.
April 7	Paid bus fare ₹ 440, railway fare ₹ 330, wages ₹ 200.
April 8	Paid for charity ₹ 350
April 9	Bought shorthand note book for office ₹ 250, Carriage on parcels ₹ 280.
April 10	Bought envelopes ₹ 450, served refreshment to customers ₹ 150.
April 12	Paid for conveyance ₹ 300. Wages ₹ 200. Stapler pins ₹ 280.
April 15	Gave tips to office peon ₹ 250.

Whatis petty cash book? Write the advantages of petty cash book?

The petty cash book ___.

Q. When Petty Cash is advanced to the Petty Cashier, the main cashier will record it on the debit side of Cash Book.

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