Match the Items Below by Entering the Appropriate Code Letter

Match the items below by entering the appropriate code letter in the space provided.
A. Prenumbered documents
B. Custody of an asset should be kept
separate from the record-keeping
for that asset
C. Cash registers, garment sensors
and burglar alarms are examples
D. Bonding employees
E. Collusion
F. Cash
G. Bank signature card
H. Payee
I. Maker
J. Canceled checks
K. NSF checks
L. Outstanding checks
M. Petty cash receipt
N. Cash equivalents
O. Voucher system
1. Segregation of duties.
2. One to whom a check is payable.
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. Indicates those people authorized to sign checks.
8. Anything that a bank will accept for deposit.
9. Mechanical and electronic control devices.
10. One who issues a check.
11. Insurance protection against misappropriation of assets.
12. An extensive network of approvals by authorized individuals.
13. Document indicating the purpose of a petty cash expenditure.
14. Issued checks that have not been paid by the bank.
15. Highly liquid investments.

Correct Answer:

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1. B 6. J 11. D
2. H...

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