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15 Questions | Total Attempts: 20

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Company Quizzes & Trivia

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Questions and Answers
  • 1. 
    Scenario: Missing receipt and MRG is MRA or credit card statement. What would be the receipt status if the attached receipt is MRA?
    • A. 

      Receipt

    • B. 

      No receipt

    • C. 

      Tax receipt

    • D. 

      Not applicable

  • 2. 
    True or false: If the meal expense has an illegible receipt attached, and the second question asks for a detailed receipt, the answer is NO.
    • A. 

      True

    • B. 

      False

  • 3. 
    True or False: As long as there is a service station name on the receipt along with all the other VAT elements the receipt should be treated as tax receipt.
    • A. 

      True

    • B. 

      False

  • 4. 
    True or False:VAT Number should be present– that means if part of the VAT number is cut-off or illegible, we may count as a valid element of a Tax Invoice.Likewise, if the numbers are not too clear but you can decipher that it’s a 9 digit number, we can already accept it as a valid element of VAT number.
    • A. 

      True

    • B. 

      False

  • 5. 
    Scenario: The GST tax amount calculated by the system is 0.27.What would be the best answer for the question : Is the tax amount calculated by the system supported by the receipt values?
    • A. 

      YES

    • B. 

      NO

    • C. 

      NOT APPLICABLE

    • D. 

      Not applicable

  • 6. 
    What is the correct receipt status?
    • A. 

      No receipt

    • B. 

      Receipt

    • C. 

      Tax receipt

    • D. 

      Not applicable

  • 7. 
    What would be the answer for the question; Is there a receipt for this item?and what would be the receipt status?report details: DATE 8/1/2016 AMOUNT: 30.06 STATUS: no receipt
    • A. 

      Yes / receipt

    • B. 

      Yes / tax receipt

    • C. 

      Date doesn't match / tax receipt

    • D. 

      Date doesn't match / receipt

  • 8. 
    Scenario: The claim amount is GBP 14.37. What would be the best practice if the system calculated amount is 2.38.?
    • A. 

      Amend to 19.17

    • B. 

      Leave system calculated amount

    • C. 

      Amend to 0.00

    • D. 

      Amend to 2.40

  • 9. 
    True or false: If the company is registered outside of the UK but has a UK VAT number, this should be considered as ‘Tax Receipt’. 
    • A. 

      True

    • B. 

      False

  • 10. 
    True or False: For validating vat elements, we can accept either the name of an individual or that of a company.
    • A. 

      True

    • B. 

      False

  • 11. 
    What is the receipt status for this receipt?
    • A. 

      Receipt

    • B. 

      No receipt

    • C. 

      Tax receipt

    • D. 

      Not applicable

  • 12. 
    Scenario: Claim amount is 19.90. Tax system calculated amount is 3.32. What would be the best answer for the question: Is the Tax amount calculated by the system supported by the receipt values?
    • A. 

      Yes

    • B. 

      NO/ amend to 0.00

    • C. 

      NO/ amend to 3.07

    • D. 

      Yes / amend to 3.31

  • 13. 
    Is the Tax amount calculated by the system supported by the receipt?Please enter the correct vat amount. If the vat amount is 0.00, please enter 0.00. 
  • 14. 
    What is the receipt status?
    • A. 

      No receipt

    • B. 

      Receipt

    • C. 

      Tax receipt

    • D. 

      Not applicable

  • 15. 
    TRUE or FALSE:We should NO longer check for Traveler’s name for Conference/meeting held in a Hotel or meal expense,  with Hotel folio as a receipt, We will only look for Traveler's name if it's for the actual Hotel Stay.
    • A. 

      True

    • B. 

      False