Cash, Internal control and Fraud

Dishonest actions taken by an employee for personal gain is

• Fraud

• Proud

• Fruod

• Pride

The highest factor of fraud triangle is

• Opportunity

• Rationalization

• Pressure

• Random

5 main components of internal control except

• Risk assessment

• Control activitie

• Information and communication

• Mentoring

Why bank employee must take a vacation?

• To prevent fraud

• To saving company's money

• To preserve the way of life

• To increase the stress

Fingerprint or retina recognition is principle of control activities

• Segregation of Duties

• Physical controls

• Internal verification

• Establishing responsibility

Why Job Rotation is important?

• To increase revenue

• To reduce employee stress

• To take advantage

• To gain the praise

Company generally receipt cash from those activity, except

• Cash Sales

• Bank loans

• Receipt from investments

• Begging

Company will use petty cash because

• to pay for large capital expenses
• to manage employee salaries
• to cover unexpected tax liabilities
• to safeguard company cash

Used to pay small amounts of money called

• Petty cash

• Pretty cash

• Patty cash

• Petch cash

Not Sufficient Funds is

• A check pay by the company for selling product to supplier

• A check received by the company for billing its customer, but the client’s check funds are insufficient.

• Check billed from the government to pay taxes payable

• Check received from any university to develop the education