Section 8.4—quiz: Internal Control

7 Questions

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Auditing Quizzes & Trivia

In the business world there are different types of people who are required in a company for it to run smoothly and internal controls come in handy. Take this quiz to gauge your knowledge on the subject.


Questions and Answers
  • 1. 
    Which of the following is not a part of front office internal control?
    • A. 

      Tracking transaction documentation

    • B. 

      Creating a guest history record

    • C. 

      Verfifying account entries and balances

    • D. 

      Identifying vulnerabilities in the accounting system

  • 2. 
    • A. 

      Total of the cash checks, negotiables, and paid-outs in the cash drawer minus the initial bank is greater than the net cash receipts

    • B. 

      Total of the cash checks, negotiables, and paid-outs in the cash drawer minus the initial bank is less than the net cash receipts

    • C. 

      Total of the cash checks, negotiables, and paid-outs in the cash drawer minus the initial bank is equal to the net cash receipts

    • D. 

      Total of the cash checks, negotiables, and paid-outs in the cash drawer is greater than the net cash receipts

  • 3. 
    Who must conduct annual audits for publically held lodging companies?
    • A. 

      The front office auditor

    • B. 

      The hotel controller

    • C. 

      An independent certified public accountant

    • D. 

      An IRS auditor

  • 4. 
    The amount of cash, checks, and negotiables in the cashier ’s drawer, minus the initial cash bank, plus the paidouts
    • A. 

      Cash bank

    • B. 

      Net cash receipts

    • C. 

      Overage

    • D. 

      Shortage

  • 5. 
    When the total of the cash, checks, negotiables, and paid-outs is less than net cash receipts
    • A. 

      Cash bank

    • B. 

      Net cash receipts

    • C. 

      Overage

    • D. 

      Shortage

  • 6. 
    When the total of the cash, checks, negotiables, and paid-outs is more than net cash receipts
    • A. 

      Cash bank

    • B. 

      Net cash receipts

    • C. 

      Overage

    • D. 

      Shortage

  • 7. 
    The amount of cash assigned to a cashier during a particular workshift
    • A. 

      Cash bank

    • B. 

      Net cash receipts

    • C. 

      Overage

    • D. 

      Shortage