Question

Fill in the blanks.

1. Segregation of duties________.
2. Cash that is not available for general use, but instead is limited to a particular purpose _____________.
3. Two or more employees circumventing prescribed procedure____________.
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. A basic principle of cash management _____________.
12. Insurance protection against misappropriation of assets _____________.
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 ____________.

Answer 1

custody of an asset should be kept separate from the record-keeping for that asset,

Step-by-step explanation:

1. Segregation of duties means CUSTODY OF AN ASSET SHOULD BE KEPT SEPARATE FROM THE RECORD KEEPING FOR THAT ASSET.

2. Cash that is not available for general use, but instead is limited to a particular purpose is RESTRICTED CASH.

3. Two or more employees circumventing prescribed procedure COLLUSION.

4. Prevent a transaction from being recorded more than once is PRE NUMBERED DOCUMENTS

5. Checks which have been returned by the maker's bank for lack of funds NSF CHECKS.

6. Checks which have been paid by the depositor's bank CANCELLED CHECKS.

7. A projection of anticipated cash flows is CASH BUDGET.

8. Anything that a bank will accept for deposit is called CASH.

9. Physical control devices such as TELEVISION MONITORS, SAFES.

10. A basic principle of cash management is INVEST IDLE CASH.

11. A basic principle of cash management INVEST IDLE CASH.

12. Insurance protection against misappropriation of assets is BONDING EMPLOYEES.

13. Document indicating the purpose of a petty cash expenditure is PETTY CASH RECEIPT.

14. Issued checks that have not been paid by the bank is OUTSTANDING CHECKS.

15. Highly liquid investments means CASH EQUIVALENTS.