It is a money set aside to defray relatively small amounts of cash disbursements.

It is a long term obligation issued also by government. It has a maturity of 1 year to less than 10 years.

It requires that all cash receipts should be deposited intact and all cash discbursements should be made through checks.

It is a minimum amount that must be maintained in an entity's bank account as support for funds borrowed from the bank.

Guaranteed by banks to advance funds on the demand by the party to whom the draft was directed.

It is a bank statement prepared a few days after month-end. Its purpose is to help auditors verbal reconciling items on the year-end bank reconcilation.

It refers to undeposited collections awaiting deposit and other current funds held as of the reporting date.

Occurs when cash shortage is concealed by overstating the balance of cash. It is made possible by exploiting the float period.

It is a form of a bank deposit normally made in fixed denomination, bears interest higher than that of regular deposits, and has a pre-agreer maturity. Itcis evidence by a certificate of deposit.

It is an internal control over all cash disbursements. Under this system, a voucher is prepared for every cash disbursement in order to ensure that each disbursement is properly authorized, made for a valid expenditure, and properly recorded.

These are investments in portfolios of short term securities.

Entities often utilize this to expedite cash collections and to ensure that cash collections are deposited intact. It is rented for a fee and custoners are advised to remit their payments directly to this.

Refers to deposits in banks that are available for immediate withdrawal and unrestricted use.

It shows the dates of all transfers of cash among the various bank accounts.

This should be prepared regularly, immediately upon the receipt of the monthly bank statement, to reconcile on a timely basis the differences between the cash balance per books and the cash balance per bank statement.

It is a business document or written authorization that supports every disbursement made by an entity.

It should be maintained, especially for cash funds, suffient only to defray specific business requirements.

It is a long term obligation issued also by government. It has a maturity of 10 years or more.

It is a form of fraudulent financial reporting and not primarily a methodnod concealing cash shortage. It occurs when books are not closed at year end and transactions in the subsequent period are deliberately recorded in the current period in order to improve entity's financial performance.

It includes money or its equivalent that is readily available for unrestricted use.

It is the difference between the amount of line of credit and the amount that was actually borrowed.

It should be performed to provide reasonable assurance that actual cash tallies with the balance per records.

It is any action or process effected by management that is designed to help an entity achieve its objectives.

Which of the items are not included as cash?

It is a negative (credit) balance in the cash in bank account resulting from overpayment of checks in excess of the amount of deposit.

It is a fund similar to the petty cash fund but is used for a limited or specific purpose set by management.

It is the amount expected to be recovered from the deposit and is determined usually by reference to the insured amount of the deposit.

These are short term highly loquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Acquired within 3 months or less before their maturity date.

Occurs when the collection of receivable from one customer is misappropriated and then concealed by applying a subsequent collection from another customer.

It is the standards medium of exchange and the basis of accounting measurements.

It is a fund set aside to be used in paying taxes.

Cash is measured at _________.

It consist of short term, unsecured, notes payable issued in large denominations by large companies with high credit ratings to other companies and institutional investors.

These are checks delivered ro payees but not yet encashed within a relatively long period of time, normally 6 months or more.

The duties of (a) authorization, (b) execution, (c) recording, and (d) custody over cash should be segregated.

Similar to bank drafts but are drawn from post-offices or other financial institutions.

It is a short term obligation issued bybthe government at a discount. It normally have a maturity of 90 days to less than a year.

It is a form of asset replacement fund wherein cash payments to the fund are equal to the periodic depreciation charges on the related asset. When the asset is fully depreciated, the fund can be used to acquire a replacement.