Accounting Cycle MCQ Quiz!
8 Questions
| Total Attempts: 48
(201).jpg "Accounting Cycle MCQ Quiz!")
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Questions and Answers
- 1.In the Purchase Order, who is authorized to sign off this document?
- 2.In the Goods Received Note, _______________ will sign off under "Posted by".
- 3.The Payment Voucher is sometimes approved by the accounts clerk.
- A.
True
- B.
False
- 4.Only the authorized signatories of the company are allowed to sign cheques.
- A.
True
- B.
False
- 5.Similar stock items can be entered into the same stock card.
- A.
True
- B.
False
- 6.When writing a cheque for "Singapore dollars two thousand and three hundred only", the amount in figures should be written as ______
- A.
$2,300.00
- B.
S$2,300
- C.
S$2,300.00
- D.
$2,300
- 7.The sales invoice must be signed off by:
- A.
Marketing Executive
- B.
Purchasing Manager
- C.
Sales & Marketing Manager
- D.
Finance Manager
- 8.The authorized signatory for the Official Receipt is the Accountant.
- A.
True
- B.
False
Questions: 41 | Attempts: 63432 | Last updated: Nov 16, 2020
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