Bank reconciliation

Voucher system

Principles of internal control

Days' sales uncollected

Liquidity

Liquidity

$[$ Choose $]$

Cash equivalents

Signature card

$[$ Choose $]$

Cost$-$benefit

Voucher

Cash Over and Short

$[$ Choose $]$

A report explaining any differences between the checking account balance according to the depositor's records and the balance reported on the

Short$-$term, highly liquid investment assets that are readily convertible to cash and close enough to their due date so that their market value will

Used by the bank to verify signatures of persons authorized to write checks.

An income statement account used to record the income effects of cash overages and cash shortages arising from missing petty cash receipts or

The ability of a company to pay for its near$-$term obligations.

Fundamental guidelines applicable to all companies established to minimize the risk of fraud and theft and to increase the reliability and accuracy

A measure of how quickly a company can convert its accounts receivable into cash.

An internal document used to collect information to control cash payments and to ensure that a transaction is properly recorded

Principle that says the costs of internal controls must not exceed their benefits

A set of procedures and approvals designed to control cash payments and the acceptance of liabilities.