CMCS: Session 4: Exercise 4-B

All cash advances shall be partially liquidated at the end of each year.

• True

• False

At the start of an ensuing year, a new cash advance may be granted, provided that a list of expenses against the previous cash advance is submitted.

• True

• False

When a cash advance is no longer needed or has not been used for a period of 6 months, it must be returned to or refunded immediately to the collecting officer.

• True

• False

OR/Invoice is required regardless of amount purchased from/rendered by establishment issuing receipts/invoice.

• True

• False

If the cash advance is less than the travel expenses incurred, a Liquidation Report shall be submitted to liquidate the cash advance previously granted and a Disbursement Voucher shall be prepared to claim reimbursement of the deficiency in amount.

• True

• False