Cash Flashcards
(5 cards)
1
Q
What is required for ships’ cash declaration?
A
Ships’ cash must be declared in all currencies.
2
Q
Where should amounts of ships’ cash be kept?
A
Amounts should be kept on-board within the safe.
3
Q
What is essential for managing ships’ cash?
A
Diligent bookkeeping is essential to ensure the books balance.
4
Q
What can happen regarding the inspection of money on ships?
A
Actual inspection of the money can happen.
5
Q
What evidence must be retained regarding the origin of the money?
A
Evidence such as receipts from agents providing cash to the Master must be retained for inspection.
