Question

6.

Match the items below by entering the appropriate code letter in the space provided. A. Prenumbered documents G. Cash budget B. Custody of an asset should be kept separate from the record-keeping for that asset H. Restricted cash I. Invest idle cash J. Canceled checks C. Television monitors, garment sensors K. NSF checks and burglar alarms are examples L. Outstanding checks D. Bonding employees M. Petty cash receipt E. Collusion N. Cash equivalents F. Cash _____ 1. Segregation of duties. _____ 2. Cash that is not available for general use, but instead is restricted for a particular purpose. _____ 3. Two or more employees circumventing prescribed procedures. _____ 4. Prevent a transaction from being recorded more than once. _____ 5. Checks which have been returned by the maker's bank for lack of funds. _____ 6. Checks which have been paid by the depositor's bank. _____ 7. A projection of anticipated cash flows. _____ 8. Anything that a bank will accept for deposit. _____ 9. Physical control devices. _____ 10. A basic principle of cash management. _____ 11. Insurance protection against misappropriation of assets. _____ 12. Document indicating the purpose of a petty cash expenditure. _____ 13. Issued checks that have not been paid by the bank. _____ 14. Highly liquid investments.

Answer 1