Question Details

CHAPTER 8 FRAUD, INTERNAL CONTROL, AND CASH

COMPUTER S 230 CHAPTER 8 PART 13

MATCHING
223.	Match the items below by entering the appropriate code letter in the space provided.

	A.	Prenumbered documents	G.	Bank signature card
	B.	Custody of an asset should be kept 	H.	Payee
		separate from the record-keeping 	I.	Maker
		for that asset	J.	Canceled checks
	C.	Cash registers, 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	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.