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Cash Control Systems Chapter 5

Authored by Matthew Miller

Business

9th - 12th Grade

Used 2+ times

Cash Control Systems Chapter 5
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Checks are listed on a deposit slip

In increasing amount order

In decreasing amount order

according to the bank routing number on each check

as on sum with an accompanying calculator tape

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A statement that guides the ethical behavior of a company and its employees is called a(n)

employee handbook

code of conduct

code of ethics

mission statement

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

depositor's account

savings 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 the cash is recieved

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

No journal entry is needed for deposits

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An endorsement is

a signature on the back of a check transferring ownership

a stamp on the back of a check transferring ownership

confined to a limited amount of space that is indicated on the back of a check

All of the above answers are correct.

7.

MULTIPLE CHOICE QUESTION

30 sec • 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 the above are correct

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