Control of Cash Receipts & Disbursements


Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

_____ are rules and regulations that are put into place to guard the assets owned by a person or a company.

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. What is the term for money received from consumers from the sale of goods or services?

2. What is the term for monies paid out to individuals for the purchase of items that are needed and used by a company?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Using knowledge of the process by which a company protects its monetary assets, students answer financial questions in this quiz/worksheet combo. Topics that the quiz will cover include the business asset that is most vulnerable to fraud and money that is given to individuals for materials the company needs.

Quiz & Worksheet Goals

This quiz/worksheet combo can be used to assess your knowledge of:

  • What money received from a consumer for a good or service is called
  • Rules that are in place to protect a company's assets
  • The term for separating a big task into many smaller jobs to be completed by many individuals

Skills Practiced

  • Making connections - use understanding of the concept of the most fraud-prone business asset
  • Knowledge application - use your knowledge to answer questions regarding money that businesses receive from a consumer for a good or service
  • Information recall - access the knowledge you have gained regarding the regulations that exist to protect a company's assets

Additional Learning

The lesson entitled Control of Cash Receipts & Disbursements is a great resource if you want to learn more about this topic. Objectives the lesson will help you with include:

  • Understand how breaking up a big task into smaller tasks helps a business
  • Identify the stages a business must protect its most vulnerable asset at
  • Determine how money given out to people to buy goods a company needs is regulated