What must be provided when money is turned in to the bookkeeper?

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When money is turned in to the bookkeeper, it is necessary to provide a receipt. A receipt serves as a formal acknowledgment of the transaction, documenting the amount of money received and the purpose of the transaction. This is crucial for both accounting and auditing purposes, as it creates a verifiable record that helps maintain the integrity of financial dealings.

Having a receipt ensures that there is an official log of the funds being turned in, which can be referenced later by both the individual who submitted the money and the bookkeeper for reconciliation of accounts. It can also help in tracking financial information and maintaining accountability within the organization.

Other options like an invoice or funding request form do not serve the same purpose of acknowledging receipt of money that has been handed over. An invoice is typically used for requesting payment rather than acknowledging receipt, while a payment plan outlines the schedule of payments rather than documenting a single transaction. Therefore, the receipt is key in this scenario for maintaining accurate financial records.

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