Matching
Match the items below
Premises:
Insurance protection against misappropriation of assets.
Prevent a transaction from being recorded more than once.
Cash that is not available for general use, but instead is restricted for a particular purpose.
Checks which have been returned by the maker's bank for lack of funds.
Document indicating the purpose of a petty cash expenditure.
Highly liquid investments.
Anything that a bank will accept for deposit.
Physical control devices.
Two or more employees circumventing prescribed procedures.
A projection of anticipated cash flows.
A basic principle of cash management.
Issued checks that have not been paid by the bank.
Checks which have been paid by the depositor's bank.
Segregation of duties.
Responses:
Restricted cash
Cash
Cash equivalents
Petty cash receipt
Prenumbered documents
Custody of an asset should be kept separate from the record-keeping for that asset
Bonding employees
Invest idle cash
Television monitors, garment sensors and burglar alarms are examples
Cash budget
Outstanding checks
Canceled checks
Collusion
NSF checks
Correct Answer:
Premises:
Responses:
Insurance protection against misappropriation of assets.
Prevent a transaction from being recorded more than once.
Cash that is not available for general use, but instead is restricted for a particular purpose.
Checks which have been returned by the maker's bank for lack of funds.
Document indicating the purpose of a petty cash expenditure.
Highly liquid investments.
Anything that a bank will accept for deposit.
Physical control devices.
Two or more employees circumventing prescribed procedures.
A projection of anticipated cash flows.
A basic principle of cash management.
Issued checks that have not been paid by the bank.
Checks which have been paid by the depositor's bank.
Segregation of duties.
Premises:
Insurance protection against misappropriation of assets.
Prevent a transaction from being recorded more than once.
Cash that is not available for general use, but instead is restricted for a particular purpose.
Checks which have been returned by the maker's bank for lack of funds.
Document indicating the purpose of a petty cash expenditure.
Highly liquid investments.
Anything that a bank will accept for deposit.
Physical control devices.
Two or more employees circumventing prescribed procedures.
A projection of anticipated cash flows.
A basic principle of cash management.
Issued checks that have not been paid by the bank.
Checks which have been paid by the depositor's bank.
Segregation of duties.
Responses:
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