Match the items below by entering the appropriate code letter in the space provided. Prompts Answers 1 Segregation of duties. Custody of an asset should be kept separate from the record-keeping for that asset. 2 One to whom a check is payable. Payee 3 Two or more employees circumventing prescribed procedures. Collusion 4 Prevent a transaction from being recorded more than once. Prenumbered 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. Canceled checks 7 Indicates those people authorized to sign checks. Signature file at bank 8 Anything that a bank will accept for deposit. Cash equivalents 9 Mechanical and electronic control devices. Cash registers, garment sensors and burglar alarms are examples 10 One who issues a check. Maker 11 Insurance protection against misappropriation of assets. Bonding employees 12 An extensive network of approvals by authorized individuals. Voucher system 13 Document indicating the purpose of a petty cash expenditure. Petty cash receipt 14 Issued checks that have not been paid by the bank. Outstanding checks 15 Highly liquid investments. Cash Question 2