Quiz: Business And Internal Control
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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 of the subject.
- 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.Which of the following represents a cash bank shortage?
- 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
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