WorksheetsQuiz CO2 OFFICE FINANCE HANDLING
Total questions: 20
Worksheet time: 4mins
Retail Cash Flow Process
claiming office → (a) → confirming office
what forms are required when applying for a retail loan?
analysis form
general journal form
retail money order application form
payment application form
what are the benefits of retail money?
out of date
no planning required
required manual monitoring
Definition of retail money ?
retail money is money kepy by an organization to pay for (a)
what is the amount that is usually set by a company as a retail cash fund?
RM500
RM100
2000
50
choose which not types of receipt
toll
rent
parking
petrol
what should be in an official receipt?
the name of the company
reference number and date
name of seller
confirmation of receipt
what the third step procedure for processing bills?
prepare bills
make bill collection
make a bill recording
identify the type of bill
which type utility bill?
electricity
sewerage
toll
rent
How long does the bill payment take?
(a) days from the period from the date the bill is received.
What documents are involved when preparing financial statements?
(a)
what should be in voucher register format?
notes
name of payer
signature
name of company
What is the purpose of keeping company expenses report?
to use company's expenses
for secured loans
for the company's money withdrawal process
for audit purposes
What can be used in the process of preparing financial or expense report?
(a)
Among the reports that can be generated including financial position statements, financial performance statements and cash flow statement
true
false
petty cash can be accounted for in the staff bank at any time
true
false
vouchers and supporting document s must be stamped "PAID" to avoid reuse of same document.
true
false
What is analysis form?
Closing record of weekly expenses.
Closing notes and used to analyze each category to make expenditure allocations in the following year.
Account opening records and used to analyze each category to make spending allocations each month.
Record of calculation of total mid-year expenses.
Arrange the general journal format according to the correct procedure.
I.Details
II. Debit amount
III. Credit amount &
IV. Transaction date
I, II, III, IV
IV, 1, II, III
II, III, I, IV
II, I, II, IV
What action should be taken if the payment is approved by the cashier's account department?
Issue a payment receipt.
Meet with the company manager.
Immediately record the voucher number and date in the bill register.
Inform the bank.
