Cash Topic

Chapter 8: Cash
Can you cash on
this 10 questions?

By: Mr Tan Yi Ming

The top 3 winners will receive the following amounts:
1st: 30
2nd: 20
3rd: 10

(Rewarded into your POA Student Bank Account)

Questions to Recap your Understanding
(4 Questions)

Multiple Select

Cash in Hand is a Liability.

• True

• False

Multiple Choice

Based on this description: "Check and tallies against the business records of its cash at bank account" - Which source document is this?

• Invoice

• Bank statement

• Receipt

• Payment voucher

Multiple Choice

Cash in hand and Cash at bank are both considered components of the cash balance.

• True

• False

Multiple Choice

For journal entries, a credit entry (Cr) in the Cash account means an increase in the business's cash.

• True

• False

Questions about good practices
to protect your money
(4 Questions)

Multiple Choice

Is it important to protect your own cash (money)?

• Yes

• No

Multiple Choice

Is it easier to steal physical cash (cash in hand, e.g. money notes and coins) OR cash at bank?

• Cash in Hand is easier.

• Cash at Bank is easier.

Multiple Choice

Is it safe to put my money (such as my own pocket money and allowance from my parents) on the classroom tables instead of placing it in my wallet and then locking it in the school locker?

• Yes

• No

Multiple Choice

Is it true that all secondary school students in Singapore love to let their siblings spend their monthly allowance without asking for permission?

• True

• False

Questions about the
safety of cash in business
(2 Questions)

Multiple Choice

It is a good business practice for a cashier (employee) to take money freely from the business without asking the boss.

• False

• True

Explanation: 
Cash (money) belongs to the business owner,
and taking it without their consent is illegal and unethical.

Multiple Choice

Cash is safer in the bank than kept in the cash register machine at the cashier of a shop.

• False

• True

Explanation:
Banks are safer due to high security
(e.g. security, cyber security, bank records, 24/7 accessible records)

Let's go back to your lesson handout