Accounting Chapter 5: Cash control systems Study Guide

Accounting Chapter 5: Cash control systems Study Guide

9th - 12th Grade

40 Qs

quiz-placeholder

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Accounting Chapter 5: Cash control systems Study Guide

Accounting Chapter 5: Cash control systems Study Guide

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Mickenzie Watts

Used 36+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Because cash transactions occur more frequently than other transactions, the chances for making recording erros affect cash are less.

T
F

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When a deposit is made in a bank account, the bank issues a receipt.

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F

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

There are four types of endorsements commonly used: blank, special, original, and restrictive.

T
F

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A check with a blank endorsement can be cashed by anyone who has possession of the check.

T
F

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When writing a check, the first step is to prepare the check stub.

T
F

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Most banks do not look at the date the check is written and will withdraw money from the depositor's account anytime.

T
F

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The amount of a check is written twice on each check.

T
F

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