Chapter 5 Cash Control Systems

Chapter 5 Cash Control Systems

Assessment

Assessment

Created by

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Specialty, Other

10th - 12th Grade

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20 questions

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1.

Multiple Choice

1 min

1 pt

In accounting, money is referred to as

cash

checks

accounts receivable

anything of value

2.

Multiple Choice

1 min

1 pt

A business form ordering a bank to pay cash from a bank account is known as a(n)

format

cash transfer

check

promissory note

3.

Multiple Choice

30 sec

1 pt

A bank account from which payments can be ordered by a depositor is called a

statement

checking account

saving's account

despoistor's account

4.

Multiple Choice

30 sec

1 pt

Cash receipts are journalized

at the end of the month

at the end of the week

when the bank deposit is made

at the time cash is received

5.

Multiple Choice

30 sec

1 pt

No journalized entry is needed for deposits.

true

false

6.

Multiple Choice

1 min

1 pt

When you sign only your name to the back of a check it is known as a(n)

blank endorsement

special endorsement

restrictive endorsement

none of these.

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