Self Assessment Quizzes

CHAPTER 22: Section 1 The Change Fund

	1.	To prove total cash sales a clerk might attach a

		a.	cash register tape
		b.	cash drawer
		c.	change fund
		d.	drawer total

	2.	To establish a change fund

		a.	a check is put in the change drawer
		b.	a collection is taken up
		c.	merchandise is returned for cash
		d.	a check is cashed and the cash is put in the change fund

	3.	To verify that the amount of cash in the drawer is equal to the total cash sales for the day plus the beginning balance, most businesses require that salesclerks prepare a

		a.	record of balance
		b.	cash proof
		c.	change fund
		d.	register tape

	4.	Sometimes an error occurs when a salesclerk gives an incorrect amount of change to a customer. Cash gained or lost due to errors is recorded in the

		a.	Cash Errors account
		b.	Cash Over & Short account
		c.	Cash Gained & Lost account
		d.	Who Took the Money account