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Financial Transaction Approval Process Quiz
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Financial Transaction Approval Process Quiz

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@SharpAlpenhorn

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Questions and Answers

Who reviews and approves the payment in the Online banking system for completing the payment?

  • Head of Bill and Cash
  • Disbursement Officer
  • Officer Two from panel B
  • Sr. Officer/Officer from panel A (correct)

    • What is the step immediately after posting the transaction to the accounts software in the financial reporting process?

  • Receiving and verifying approved agreement and work order
  • Filing and storing the debit voucher
  • Preparing an excel file with payment information
  • Preserving approved debit voucher with supporting documents (correct)

    • What occurs after adjustments to third-party advances are made?

  • Reviewing and approving the payment
  • Preparing an excel file with payment information (correct)
  • Filing and storing the debit voucher
  • Posting the transaction to accounts software

    • Who authorizes a transaction after reviewing it in the financial reporting process?

    <p>Disbursement Officer</p> Signup and view all the answers

    Which department receives and verifies approved agreement and work order from respective departments?

    <p>Procurement Department</p> Signup and view all the answers

    What does Officer Two from panel B do in the financial reporting process?

    <p>Posts the transaction to accounts software</p> Signup and view all the answers

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