Check Your Understanding Quiz - Chapter AP4

School: Central Academy - Course: SCIENCE ??? - Subject: Accounting

1. Dashboard 2.My courses 3. Dip Payroll Services 4. Module 1 - Accounting and Payroll Fundamentals 5. Check Your Understanding Quiz - Chapter AP4 Started onFriday, 25 February 2022, 9:40 PM StateFinished Completed onFriday, 25 February 2022, 9:43 PM Time taken3 mins 47 secs Marks5.00/5.00 Grade10.00out of 10.00 (100.00%) FeedbackWell done - you can attempt the following related Chapter Quiz. The Chapter Quiz does count toward overall assessment for this unit so tak Question 1 Correct Mark 1.00 out of 1.00 Flag question Question text An essential internal control for cash payments is: Select one: a. combining the payment and accounting functions b. ensuring all staff know where to find the key for the petty cash box c. allowing all employees to approve payments d. authorising payments, preferably counter-signed Correct Question 2 Correct Mark 1.00 out of 1.00 Flag question

Question text When entering transactions into the accounting system, credit card purchases are: Select one: a. not entered because these will be recorded on the credit card statement provided by the bank b. dated on the date the purchase was made Correct c. dated with the date of the credit card statement d. dated with the date of the purchase order Question 3 Correct Mark 1.00 out of 1.00 Flag question Question text Which of the following transactions will be recorded in the Cash Payments Book? Select one: a. A refund from the ATO b. A payment received from a customer c. Contributions to capital from the owner d. The payment of a supplier's invoice Correct