Accounting quiz

What is an accountant's role in the Travel Industry?

• They ensure that financial statements are accurately recorded.

• Assessing and analyzing economic health

• They determine their agency's profitability and finances.

• All of the above

Internal Accountants NEVER travel

• TRUE

• FALSE

What are Expenses incurred when a person conducts buisiness away from home

• Foreign Expenses

• Travel Advances

• Travel Expenses

• Travel Tax

a digital or handwritten database where they record all credit sales

• Credit List

• Sales Journal

• Accounting Journal

• None of the above

Accountants have a crucial role in the Travel Industry

• TRUE

• FALSE

Helps in preparing financial forms and statements on behalf of their company

• Staff Accountant

• Budget Analyst

• Accounting Clerk

• External Auditors

How is an external auditor different from an internal auditor?

• Internal Auditors travel due to serve a number of clients and External Auditors work for only one company and only travel between company branches

• Internal Auditors serve a lot of clients in different geographical locations and external auditors only work for one company

• External Auditors travel due to serve a number of clients and Internal Auditors work for only one company and only travel between company branches

• They are not different

Travel Advances can not be cash to an non-employee traveler

• TRUE

• FALSE

When are Travel Advances Granted?

• When the traveler does NOT qualify and NOT yet have a Corporate card?

• They are free

• When the traveller does HAVE a Corporate card

• When the traveler is traveling in groups

Travel Advances can be payed in Cash

• TRUE

• FALSE