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Chapter 5 Cash Control Systems

Specialty, Other

10th - 12th Grade

Used 47+ times

Chapter 5 Cash Control Systems
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In accounting, money is referred to as

cash
checks
accounts receivable
anything of value

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A business form ordering a bank to pay cash from a bank account is known as a(n)

format
cash transfer
check
promissory note

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank account from which payments can be ordered by a depositor is called a

statement
checking account
saving's account
despoistor's account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash receipts are journalized

at the end of the month
at the end of the week
when the bank deposit is made
at the time cash is received

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

No journalized entry is needed for deposits.

true
false

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When you sign only your name to the back of a check it is known as a(n)

blank endorsement
special endorsement
restrictive endorsement
none of these.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Ownership of a check can be transfered only once.

true
false

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