Match each of the following terms with the appropriate definitions.
A. Fundamental guidelines applicable to all companies established to minimize the risk of fraud and theft and to increase the reliability and accuracy of the accounting records.
B. The ability of a company to pay for its near-term obligations.
C. A measure of how quickly a company can convert its accounts receivable into cash.
D. A document used within the company to notify the approporiate persons that ordered goods have been received and to describe the quantity and condition of the goods.
E. A document the purchasing department uses to place an order with a supplier.
F. A set of procedures and approvals designed to control cash disbursements and the acceptance of obligations.
G. A method of initially recording purchases at the full invoice price ignoring any cash discount.
H. An income statement account used to record the income effects of cash overages and cash shortages arising from missing petty cash receipts or errors in making change.
I. A report explaining any differences between the checking account balance according to the depositor's records and the balance reported on the bank statement.
A. Principles of internal control
B. Liquidity
C. Days' sales uncollected
D. Receiving report
E. Purchase order
F. Voucher system
G. Gross method
H. Cash over or short
I. Bank reconciliation
You might also like to view...
Cash flows from operating activities, as part of the statement of cash flows, include cash transactions that enterinto the determination of net income
a. True b. False Indicate whether the statement is true or false
The positive relationship between HRM practices and organisational performance, which is the focus of much research and debate, is often referred to as which of the following:
a. people–performance complex b.HRM-S link c. HRM-P link d. HRM-efficiency link
A measure of how often the audience is exposed to a promotional message during a specific time period is referred to asÂ
A. frequency. B. duration. C. depth. D. breadth. E. reach.
As noted in your text, environmentalism is concerned with
A. decreasing the amount of goods produced globally. B. protecting consumers and promoting their interests. C. teaching developing countries how to employ more efficient production practices. D. eliminating industries that do not practice sustainability. E. preserving, restoring, and improving the environment.