Review quiz u.8

Which of the following is a deferred payment method?

• Check

• Promissory note

• Receipt

Which of the following commission types is subject to VAT?

• Collection management commission.

• Commission for direct debit or bill negotiation.

• Neither of them is subject to VAT.

A creditor balance in a current account means:

• Positive cash balance in favor of the account holder.

• Negative balance or overdraft.

• The account holder owes money to the bank.

Online banking allows you to perform the following operations:

• Cash checks, pay taxes, negotiate bills.

• Check balances, make transfers, set up direct debits.

• Both options are correct.

Bank reconciliation means:

• Having all bank account balances in the positive.

• Reviewing accounts to deposit money and settle debts when they occur.

• Detecting and correcting errors in the records of bank account movements and the bank ledger

The treasury budget:

• Is mandatory for all companies, at least once a year.

• Is a tool used to forecast future liquidity needs.

• Is a tool used to determine the volume of income a company has.

If a debit transaction is made in our current account

• The balance of money in our favor increases.

• The balance of money in our favor decreases.

• A client has paid us an invoice.

If a credit transaction is made in our current account:

• The balance of money in our favor increases.

• The balance of money in our favor decreases

• We have paid an invoice to a supplier.

What must a company do when they receive an invoice issued to a client in the Treasury Department's inbox?

• Record it in the Collection Control and file it.

• Record it in the Collection Control and manage the payment.

• Record it in the Collection Control.

Of the following, which is a registration document?

• A check.

• A receipt.

• Collection control.