Refund of Excess Cash Advances Classification Quiz

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Questions and Answers

Which type of cash advance covers the operating expenses of operating/field units?

  • Advances for Operating Expenses (correct)
  • Advances to Officers and Employees
  • Advances for Payroll
  • Advances to Special Disbursing Officer (SDO)

Who are the Advances to Officers and Employees typically granted for?

  • Special Disbursing Officers (SDOs)
  • Officers and employees for official travels (correct)
  • Regular disbursing officers
  • Field units personnel

What is the purpose of advances for Payroll?

  • To cover operating expenses
  • To pay salaries, wages, and personnel benefits (correct)
  • To fund official travels
  • To undertake special projects

In what situation would Advances to Special Disbursing Officer (SDO) be used?

<p>For special purpose/time-bound undertakings (C)</p> Signup and view all the answers

Which type of cash advance is NOT mentioned in the text?

<p>Cash advances for Equipment Purchases (A)</p> Signup and view all the answers

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