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Teams
Name
Score
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20
×
State the purpose of issuing invoice
Purchase / sale of goods on credit
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Okay!
Check
20
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State a reason for maintaining a petty cash book.
to reduce fraud (any acceptable reason)
Oops!
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Okay!
Check
20
×
What is credit Note
to acknowledge the goods being returned
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Check
Okay!
Check
×
baam
Lose 20 points!
Oops!
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gold
Win 50 points!
Okay!
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gift
Win 5 points!
Okay!
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banana
Go to last place!
Oops!
20
×
In what situation we will issue debit note?
undercharge / to inform the seller the goods have returned
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Check
Okay!
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20
×
The purpose of issuing statement of account.
To summarised transactions for the month
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Okay!
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20
×
Define petty cash book
To record small cash transactions
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Check
Okay!
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trap
No points!
Oops!
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gift
Win 15 points!
Okay!
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gift
Win 25 points!
Okay!
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thief
Give points!
5
10
15
20
25
25
×
What is imprest system
fixed amount of cash is allocated to a petty cash fund
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Check
Okay!
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trap
No points!
Oops!
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seesaw
Swap points!
Okay!
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gift
Win 20 points!
Okay!
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banana
Go to last place!
Oops!
20
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The imprest amount is $100. The balance b/d is $23, how much need to restore?
$77
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Okay!
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25
×
State one advantage of the imprest system of petty cash.
keep track of petty cash expenditure (any acceptable reason)
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Okay!
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