Select the correct items that match the description. 1. Segregation of duties. 2. 3. 4. 5. One to whom a cheque is payable. Two or more employees circumventing prescribed procedures. Prevent a transaction from being recorded more than once. Cheques that have been returned by the maker's bank for lack of funds. Physical control device. One who issues a cheque. Insurance protection against misappropriation of assets. Document indicating the purpose of a petty cash expenditure. 6. 7. od 9. Question 10 of 18 Petty cash receipt 4. Collusion 5. Payee Maker 6. 7. 8. Prevent a transaction from being recorded more than once. Cheques that have been returned by the maker's bank for lack of funds. Physical control device. One who issues a cheque. Insurance protection against misappropriation of assets. Document indicating the purpose of a petty cash expenditure. Bank charge for the use of its services. Issued cheques that have not been paid by the bank. Highly liquid investments. 9. Pre-numbered documents Custody of an asset should be kept separate from the record-keeping for that asset Cash equivalents Outstanding cheques Cash registers, garment sensors, and burglar alarms are examples NSF cheques Bonding employees Bank service charge 10, 11. 12