Match the following. $(1/2$ mark each $=9$ marks$)$

Question $12$ options:

$123456789101112131415161718192021$

An examination of a company's financial statements and its accounting system.

$123456789101112131415161718192021$

Liquid assets such as term deposits and certificates of deposit.

$123456789101112131415161718192021$

System that transfers cash by digital communication rather than paper documents.

$123456789101112131415161718192021$

A cheque issued by the company and recorded in the accounting records, but not yet paid by its bank.

$123456789101112131415161718192021$

Independent accounting professionals hired to determine that the organization's financial statements are prepared in accordance with generally accepted accounting principles.

$123456789101112131415161718192021$

A deposit recorded by the company but not yet by the bank

$123456789101112131415161718192021$

Money left on deposit to guarantee a bank loan.

$123456789101112131415161718192021$

Employees of a business whose job it is to ensure that all employees are following company policies and that operations are running efficiently.

$123456789101112131415161718192021$

Document for a particular bank account showing its beginning and ending balances and listing the month's transactions that affected the account

$123456789101112131415161718192021$

Process of explaining the reasons for the difference between a depositor's records and the bank's records about the depositor's bank account.

$123456789101112131415161718192021$

Organizational plan and integrated framework that managers use to keep the business under control.

$123456789101112131415161718192021$

A system of principles and rules that guide behaviour.

$123456789101112131415161718192021$

An account used to handle small discrepancies in cash.

$123456789101112131415161718192021$

A cheque for which the payor's bank account has insufficient money to cover the cheque.

$123456789101112131415161718192021$

The most liquid asset an organization has.

$123456789101112131415161718192021$

Document that instructs the bank to pay the designated person or business the specified amount of money.

$123456789101112131415161718192021$

Methods designed to ensure that the business's goals are achieved.

$123456789101112131415161718192021$

Fund containing a small amount of cash that is used to pay minor expenditures.

$1.$

cash

$2.$

control procedures

$3.$

outstanding cheque

$4.$

Cash Short and Over

$5.$

code of ethics

$6.$

internal auditors

$7.$

compensating balance

$8.$

cheque

$9.$

bank statement

$10.$

invoice

$11.$

electronic funds transfer

$12.$

petty cash

$13.$

control environment

$14.$

internal control

$15.$

deposit in transit

$16.$

external auditors

$17.$

overdraft

$18.$

an audit

$19.$

non$-$sufficient funds cheque

$20.$

cash equivalents

$21.$

bank reconciliation