The listing of services rendered and products sold to each client is called the:
A -
Material level
B -
Inventory record
C -
Client service record
D -
Gross income
2-
Records to help compare use of supplies with services are called:
A -
Inventory
B -
Material and supply levels
C -
Clients service records
D -
Retail receipts
3-
The income you make minus all your expenses is called:
A -
Gross pay
B -
Withholding
C -
Tax deferred
D -
Net income
4-
Daily inventory records help to quickly detect loss of supplies and retail product due to:
A -
Theft
B -
Heat
C -
Cold
D -
Expiration dates
5-
Monthly and yearly records can be a valuable resource for:
A -
Sheltering income
B -
Determining peak and slow months
C -
Buying supplies
D -
Raising prices
6-
The payroll book, cancelled checks, monthly and yearly records and service and inventory records are used in filing tax returns, and are normally kept for at least:
A -
Two years
B -
Five years
C -
Seven years
D -
Ten years
7-
Daily sales slips, appointment books and petty cash records are usually kept on file for:
A -
One year
B -
Five years
C -
Ten years
D -
Twenty years
8-
To help keep accurate financial records, most salons use a/an:
A -
Erasable ink pen
B -
Accounting service
C -
Honor system
D -
Duplicate receipt book
9-
In order to be more efficient, you should record each day’s schedule in a:
A -
Master salon appointment book
B -
Tax record book
C -
Computer
D -
Personal appointment calendar
10-
Your expenses working in a salon could include all the following EXCEPT:
