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Match of the Following

Question 229

Matching

Match of the following

Premises:
Document indicating the purpose of a petty cash expenditure.
Shows the depositor's bank transactions and balances.
Issued checks that have not been paid by the bank.
Insurance protection against misappropriation of assets.
Prevent a transaction from being recorded more than once.
Physical controls.
Two or more employees circumventing prescribed procedures.
An extensive network of approvals by authorized individuals.
Checks which have been paid by the depositor's bank.
One who issues a check.
One to whom a check is payable.
Checks which have been returned by the maker's bank for lack of funds.
Anything that a bank will accept for deposit.
Highly liquid investments.
Segregation of duties.
Responses:
Payee
Cash registers, garment sensors and burglar alarms are examples
Outstanding checks
Petty cash receipt
Cash equivalents
Collusion
Cash
Canceled checks
NSF checks
Custody of an asset should be kept separate from the record-keeping for that asset
Prenumbered documents
Bank statement
Bonding employees
Maker
Voucher system

Correct Answer:

Document indicating the purpose of a petty cash expenditure.
Shows the depositor's bank transactions and balances.
Issued checks that have not been paid by the bank.
Insurance protection against misappropriation of assets.
Prevent a transaction from being recorded more than once.
Physical controls.
Two or more employees circumventing prescribed procedures.
An extensive network of approvals by authorized individuals.
Checks which have been paid by the depositor's bank.
One who issues a check.
One to whom a check is payable.
Checks which have been returned by the maker's bank for lack of funds.
Anything that a bank will accept for deposit.
Highly liquid investments.
Segregation of duties.
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