1. Match the following terms with the best definitions.

Purchase requisition

Receiving Report.

Vendor Invoice

Check

Control procedures

Inventory count

Segregation of duties

Source document control

__________________________ The practice of not combining physical custody of assets with the function of accounting for those assets.

___________________________ Used to prepare a purchase order

. ___________________________ Form sent by the seller to the buyer as evidence of a sale

___________________________ Actions that company personnel take to make sure that policies set forth by management are followed.

___________________________ An example of independent verification.

___________________________ An example of design and use of business documents control

. ___________________________ Typically sent along with a remittance advice.

___________________________ A form used for verification that the items originally requested have been received.

Copyright

Goodwill

Research and development costs

Capital expenditure

_______________________________is (are) the expenditure(s) incurred in the discovery of new knowledge and the translation of research into a design or plan for a new product.

______________________________is(are) a cost(s) that improves an operating asset and is (are) added to the asset account.

__________________________________is (are) the right to produce or sell a published work.

______________________________is an account that can only exist if one company purchases another business and the cost exceeds the fair market values of the identifiable net assets at the time acquired.