Tlj Module 3 Cash adminstration evaluation

   Where must you record the final closing cash count?

     .

   

   

• Betting recon under float returned

• Branch recon under float returned.

• Betting recon under receipts & payment

• Branch recon under expenditure

When should you clip a set of the same banknotes?

 

  

• 200 Pieces of the same denominations

• 50 pieces of the same denominations

• 100 pieces of the same denominations

• 20 Pieces of the same denominations

When will an AOD form be required for a shortage?

 

 

 

• If Team Member fails to pay a shortage of R250 or more

•   If Team Member fails to pay a shortage of R500 or more

• If Team Member fails to pay a shortage of R100 or more

•   If Team Member fails to pay a shortage of R1000 or more

Who is responsible for recoveries of all shortages in the branch?

   

 

• Branch manager, senior team leader, team leader, and clerks

• Branch manager, senior team leader, team leaders, and branch admin

• Senior team leader, team leaders, Clerks, and branch admin

• Team leaders, clerks, branch admin, and regional auditors

Where do you record a shortage for a clerk working on SyX?

 

   

 

  S

• SyX reports under the responsible TMs name.

• SyX recon under the responsible TMs name

• Syx provisional under the responsible TMs name

• SyX Betting control under the responsible TMs name

If a customer has a ticket that pays out R18000 and they ask for R3000 cash, how much must be recorded on HIS for the EFT transaction.

 

   

•   R15000

• R18000 

• R3000

• R21000

What is the minimum waiting period for a lost ticket claim?

 

•    14 days

• 15 Days

• 10 Days

• 7 Days

Which department must be contacted to open the safe? 

    

  

•   Surveillance 

•   IT help desk

• Bet software.

• Racing distribution

Which of the following are best example of implementing cash handling practices?

  

  

• Cash on hand will be counted and compared to balance the SyX recon variance.

• Cash should be placed into the cash drawer after the printing of every customer’s bets.

• Cash drawers are not reconciled or audited often enough during trading hours.

• The transfer sheet should be completed at a time during each cash transfer

Which of the following are procudures regarding branch shortages

• If there is a shortage the TM must pay the difference immediately or on the following working day

• If there are frequent shortages by a TM, then disciplinary action should be taken against that TM.

• If a TM has an Over, it should be credited to the business and recorded as income

• If there are frequent overs by a TM, then disciplinary action should not be taken against that TM.