Cash Management Training Session - Student Business Services

Please open Administrative Practice Letter I-F and review the material and all related exhibits.

Now that you have reviewed the material please answer the following questions:

1. Any individual working with cash must recognize the importance of*

A. Reconciliation of accounts
B. Prompt deposit
C. Adequate records
D. All of the above

2. The receipt of all cash must be recorded on*

A. A cash register
B. Pre-numbered cash receipts
C. A or B
D. Accounting Sheets

3. Checks and cash receipts should be deposited*

A. Within a Year
B. Daily
C. Monthly
D. When cash exceeds $1000

Please open Administrative Practice Letter I-E and review the material and all related exhibits. Now that you have reviewed the material please answer the following questions:

4. Petty cash reimbursements must*

A. Include receipt copies
B. Include original receipts
C. Be submitted within 90 days from receipt date
D. B & C

5. Petty cash needs to be replenished as frequently as the fund requires, except that it should be replenished*

A. At least weekly
B. At least monthly
C. At close of each fiscal year
D. A and C
E. B and C

6. Petty cash funds are established when*

A. A frequent need to pay out amounts greater than $125.00
B. Any expense that requires IRS reporting
C. When payment through normal acct. channels would result in delay annoyance or excessive expense of maintaining records.
D. Emergency situations (not to exceed $300 in cash)
E. C & D

7. The petty cash fund custodian*

A. Must go through appropriate campus financial office to create a petty cash fund and sign an “Imprest Fund Receipt and Agreement”
B. Can take cash from a regular deposit to create a petty cash fund
C. Must take, at a minimum monthly, a petty cash count of all petty cash funds acknowledged
D. All of the above

Name*

Department*

Email*

You have at least one incorrect or unanswered question. Only completely correct results will be submitted to the Bursar's Office to verify your training. Please double check your test and try again.

Phone

This field is for validation purposes and should be left unchanged.