Question | Answer |
Organisation Chart | An organisation chart is useful for showing visitors the chain of command, the relationships between individuals and who has authority over who. For example, a customer who has a complaint can use the chart to identify who they should best speak to |
3 parties to a cheque | Payee - The person that receives the money Payer - The one who pays the money Drawee - The money is taken out of their bank |
Petty Cash | This refers to a small amount of money, used to pay for small items, such a stationary, rather than writing a cheque |
Cheque honour refusal | A bank will refuse to honour a cheque if it appears to have been tampered with, it is more than six months old, there is insufficient funds in their banks to cover the cheque and if the signature is invalid |
Staff Rota | A Staff Rota allows employees and employers to see what days and hours they are working. |
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