Quizzes
Search
Take Quizzes
Animal
Nutrition
Love
Relationship
Computer
Sports
Society
Business
Geography
Language
Personality
Harry Potter
Movie
Television
Music
Online Exam
Health
Country
Art
Entertainment
Celebrity
Math
Game
Book
Fun
Science
Food
History
Education
All Topics
Create a Quiz
Quiz Maker
Training Maker
Survey Maker
Flashcards
Brain Games
See All
ProProfs.com
Search
Create A Quiz
Take Quizzes
Animal
Nutrition
Love
Relationship
Computer
Sports
Society
Business
Geography
Language
Personality
Harry Potter
Movie
Television
Music
Online Exam
Health
Country
Art
Entertainment
Celebrity
Math
Game
Book
Fun
Science
Food
History
Education
All Topics
Products
Quiz Maker
Training Maker
Survey Maker
Flashcards
Brain Games
See All
ProProfs.com
Quizzes
Quizzes
›
Business
Cash Controls
7 Questions
|
By Akahl14 | Updated: Oct 10, 2012
| Attempts: 161
Share
Start
Share on Facebook
Share on Twitter
Share on Whatsapp
Share on Pinterest
Share on Email
Copy to Clipboard
Embed on your website
Question
1
/ 7
0 %
0/100
Score
0/100
1.
At regular intervals, the business' records must be checked agains, or reconciled with, an independent record called a bank statement - this is called
'Bank Reconciliation'.
Do you agree/think that it is true that this is an important cash control?
True
False
Submit
Start Quiz
About This Quiz
2.
What's your name?
We’ll put your name on your report, certificate, and leaderboard.
2.
All payments should be made by cheque or direct debit (electronic funds transfer) unless it is small enough to be made out of a .............................
Petty Cash Fund
Cash Register
Submit
3.
Match the following to the control principle that best fits:
1.Employees who receive or handle cash should not be involved with the recording of these transactions in the accounting records.
Select a Match
Separation of Duties
Rotation of Duties
Employees are less likely to commit fraud if they know they can be moved from that job without prior notice.
Select a Match
Separation of Duties
Rotation of Duties
Submit
4.
All cash received should be banked .................. at the end of each day
Submit
5.
All cash should be kept in a:
Cash Register
Safe
Safe Place
Bank Account
Submit
6.
Fill in the blanks relating to general internal controls over cash:
All money received should be evidenced by a .................... or other proof
Submit
7.
Cash is important as:
Most transactions eventually lead to the business receiving cash (cash receipts) or paying cash (cash payments)
Because cash is easily stolen, adequate controls must be implemented to ensure that people with dishonest intentions are detected
It allows us to create a cash budget
Submit
View My Results
Related Quizzes
Quiz : Introduction To Business
Quiz : Introduction To Business
GST 106 Possible Questions & Answer By Smilegist
GST 106 Possible Questions & Answer By Smilegist
Business Plan Quiz Questions And Answers
Business Plan Quiz Questions And Answers
Test Your Banking Skills: Commerce Quiz Questions With Answers
Test Your Banking Skills: Commerce Quiz Questions With Answers
Can You Identify These CEOs Of Corporate India?
Can You Identify These CEOs Of Corporate India?
A Quiz On Business Attire Etiquette
A Quiz On Business Attire Etiquette
Thank you for your feedback!
Would you like to edit this question to improve it?
No thanks
Name:
Email:
Oops! Give us more information:
Incorrect Question
Incorrect Answer
Typos
I have a feedback
Submit
Please provide name and email to proceed.
Please provide correct email to proceed.
Please provide feedback.
Please select the option.
All (7)
Unanswered (
)
Answered (
)
At regular intervals, the business' records must be checked...
All payments should be made by cheque or direct debit (electronic...
Match the following to the control principle that best fits:
All cash received should be banked .................. at the end...
All cash should be kept in a:
Fill in the blanks relating to general internal controls over cash:...
Cash is important as:
X
OK
X
OK
Cancel
X
OK
Cancel
Back to top
Back to top
Advertisement