Cash Balancing

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1. Balancing, settling, or proving is a process where at the end of each day, you will be required to verify that your actual cash supply matches what the paperwork you have processed says should be your cash amount.

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About This Quiz
Cash Quizzes & Trivia

This quiz measure the test taker's ability to calculate basic cash balancing figures, identify credits and debits, and
demonstrate the opening and closing procedures of you bank.

2.

What first name or nickname would you like us to use?

You may optionally provide this to label your report, leaderboard, or certificate.

2. During closing procedures you should always, among others, search your work area for valuables and check the trash to ensure it contains no sensitive information.

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3. During opening procedures you should always, among others, check your supplies not locked in the vault, such as coin wrappers, currency straps, blank deposit slips, etc.

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4. If the amount of the error is evenly divisible by 9, then you may simply have reversed two figures somewhere. Thus, you should check for these reversed figures and recount.

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5. Your customer gives you a check for $150.00. He also gives you a deposit slip listing the check and $20.00 cash back, leaving $130.00 as the deposit amount. What are the credits in this transaction?

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6. Deposit slips and cash-out tickets are always debits.

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7. What is the purpose of a chash-in ticket?

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8. If your cash drawer is out of balance and the difference is even number, you should begin your cash recount by counting your five-dollar bills.

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9. Your customer presents you with three checks: $23.10, $12.00, and $15.90. She also gives you a deposit slip that shows a total of $51.00. What are the debits in this transaction?

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Balancing, settling, or proving is a process where at the end of each...
During closing procedures you should always, among others, search your...
During opening procedures you should always, among others, check your...
If the amount of the error is evenly divisible by 9, then you may...
Your customer gives you a check for $150.00. He also gives you a...
Deposit slips and cash-out tickets are always debits.
What is the purpose of a chash-in ticket?
If your cash drawer is out of balance and the difference is even...
Your customer presents you with three checks: $23.10, $12.00, and...
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