1) All of the following would be included as cash or cash equivalents except ? 1)government T-bills 2)bak demand deposit 3)undeposited customer checks 4)Certificates of deposit

2)Which of the following is not considered a control feature for cash receipts? 1)Use point-of-sale terminals to record cash transactions 2)Deposit cash receipts in bank daily 3)he person opening the mail does not restrictively endorses checks received 4)The person opening the mail immediately forwards all checks to the cashier for deposit

3)Which of the following is not considered a control feature for cash disbursements? 1)Set up bank accounts that require dual signatures for large disbursements 2)Someone regularly involved in the cash business cycle should regularly reconcile bank accounts 3)Use formal petty cash procedures for small disbursements 4)All of the above are control features for cash disbursements.

4)When looking at a firms balance sheet if the accounts receivable account is followed by an account that reads less Allowance for Uncollectible Accounts a reader can assume_______. 1)the firm is using the cash basis of accounting 2)the firm is using the direct write off method for bad debts 3)the firm is not collecting the accounts receivable it is owed on a timely basis 4)the firm is using the method for bad debt write off approved by GAAP