WorksheetsReceipts, Cheques & Cash Control
Total questions: 10
Worksheet time: 9mins
Why must receipts be banked promptly?
A. To avoid theft or loss
B. To increase customer satisfaction
C. To save accounting time
D. To avoid tax audits
Which of the following is usually printed on a till receipt?
A. Company name and address
B. Date and time of sale
C. Total value and change given
D. All of the above
Which of the following is NOT a recommended cash security measure?
A. Use of safes
B. Protective glass (bandit screens)
C. Sending cash by post
D. Frequent banking
When receiving a cheque, the cashier should first:
A. Record it without checking
B. Examine the face of the cheque for details
C. Assume it is valid
D. Send it directly to customer
What is the purpose of a hologram on a credit card?
A. Marketing design
B. Security to prevent forgery
C. To store the card number
D. To display expiry date
A cashier delays banking all receipts until the end of the week. What is the MAIN risk of this practice?
A. Customers will be unhappy
B. Increased risk of theft or loss of funds
C. The bank will refuse the deposit
D. The receipts will become invalid
business allows the same employee to both receive payments and update the accounting records. What is the MAIN risk?
A. Faster processing of transactions
B. Easier reconciliation
C. Fraud may go undetected
D. Customers may complain about waiting
A cheque must include only payee name, date, and signature.
True
False
Crossed cheques (“Account Payee Only”) are safer because they must be deposited into a bank account.
True
False
Credit card payment related with 3 transaction and 3 parties. what is it the process?
(a)
