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Byju's Answer
Standard XII
Accountancy
Non-Current Liabilities
Cash in hand ...
Question
Cash in hand with the petty cashier is shown as....
A
Assets
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B
Liabilities
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C
Expense
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D
Revenue
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Solution
The correct option is
D
Assets
Cash in hand with the petty cashier is an asset for the business.
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Similar questions
Q.
Journal entry for cash handed over to the petty cashier is :-
Petty Cash A/c Dr.
To Cash A/c
Q.
The amount which the main cashier hands over to the petty cashier to meet day to day petty expenses is known as.....
Q.
When Petty Cash is advanced to the Petty Cashier, the main cashier will record it on the debit side of Cash Book.
Q.
Petty cashier records petty cash received on debit side.
Q.
With Goods and Services Tax (GST)
A Petty Cashier in a firm received ₹15,000 as the petty cash imprest on 4th June, 2017. During the week, his expenses were as follows:
2017
₹
June 4
Conveyance charges for Manager's trip to the city
500
June 4
Wages to casual labourers
1,500
June 5
Bus fare to workmen sent to customer's premises
200
June 5
Stationery purchased for ₹1,000 plus CGST and SGST @ 6% each
June 6
Sent documents to Head Office by registered post
400
June 6
Postage stamps purchased
1,000
June 6
Revenue stamps for payment of wages
500
June 7
Repair of typewriter
400
June 7
Paid electricity bill
1,700
June 8
Wages paid to coolies for shifting furniture, etc.
400
June 8
Taxi fare to Assistant Manager
500
June 8
Letters by registered post sent to different suppliers
1,000
June 8
Locks purchased for ₹800 plus CGST and SGST @ 6% each
June 8
Stationery purchased for ₹400 plus CGST and SGST @ 6% each
June 8
Refreshments to customers
200
Write up the Analytical Petty Cash Book and draft the necessary Journal entries for the payments made.
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