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Financial transactions

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

What does GST stand for ?

a)

Goods and services table

b)

Goods and salon tax

c)

Goods and services tax

d)

Great service tax

2.

when processing a payment you should

a)

tell the client the price

b)

count the money given

c)

put the money away before giving change

d)

give the client a receipt

3.

What is a float?

a)

where the money is kept

b)

an amount of money in smaller denominations used to give change

c)

the tip jar

d)

something that you dont really need

4.

when transferring money to another place EG: the safe you dont need to tell anyone

a)

True

b)

False

5.

You should count the money at the end of day in a safe and private area of the salon.

a)

True

b)

False

6.

Your client buys a moisturizer for $15 her leg wax is $25 she gives you $50 how much change do you give her

a)

$10

b)

$5

c)

$15

d)

$20

7.

If sally had an eyebrow wax costing $15 and bought a mascara costing $15.50 and she gave you $50 note what change would you give her

a)

$20 note and $5 note and 50 cent coin

b)

$20 note 50 cent coin

c)

$10 note $5 note 2 x 2$ coin 50 cent coin

8.

What can you do to assist a pregnant lady in your salon.

a)

Lay her flat on the bed

b)

Raise the bed

c)

Help her onto the bed or treat in a chair

d)

Check products are safe to use

e)

Dont treat pregnant women

9.

A discrepancy is

a)

When a the total money and eftpos takings for the day has is not adding up correctly.

b)

When the eftpos machine breaks down.

10.

What are some things you can do if the cash and eftpos is not adding up correctly at the end of the day

a)

Count eftpos receipts

b)

Re count the cash

c)

Separate the float

d)

Check payments were entered into computer correctly

e)

Get your manager to double check

11.

What are some things you can do if the cash and eftpos is not adding up correctly at the end of the day

a)

Count eftpos receipts

b)

Re count the cash

c)

Separate the float

d)

Check payments were entered into computer correctly

e)

Get your manager to double check