This topic contains a solution. Click here to go to the answer

Author Question: Match six of the terms (a-k) with the descriptions/definitions provided below (1-6).a.bank ... (Read 90 times)

Hunchojack2019!!

  • Full Member
  • ***
  • Posts: 149

Question 1

Explain kiting, and discuss how it is performed.

Question 2

Match six of the terms (a-k) with the descriptions/definitions provided below (1-6).

a.bank reconciliation
b.branch cash account
c.cash equivalents
d.cutoff bank statement
e.general cash account
f.imprest payroll account
g.imprest petty cash fund
h.kiting
i.proof of cash
j.standard bank confirmation form
k.lapping

________ 1. a fund of cash maintained within the company for small cash acquisitions, expenses, or to cash employees' checks

________ 2. a form approved by the AICPA and American Bankers' Association through which the bank responds to the auditor about bank balance and loan information

________ 3. excess cash invested in short-term, highly liquid investments such as time deposits, certificates of deposit, and money market funds

________ 4. the primary bank account for most organizations

________ 5. the transfer of money from one bank account to another and improperly recording the transfer so that the amount is recorded as an asset in both accounts

________ 6. the document usually prepared by client personnel of the differences between the cash balance recorded in the general ledger and the amount in the bank account


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Hunchojack2019!! on Aug 21, 2022

ludadtpb

  • Full Member
  • ***
  • Posts: 175
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly




Hunchojack2019!!

  • Member
  • Posts: 149
Reply 2 on: Aug 21, 2022
Excellent


duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

For a complete list of videos, visit our video library