Matching Question 231 Match the following statements to the appropriate terms. Segregation of duties. One to whom a check is payable. Two or more employees circumventing prescribed procedures. Prevent a transaction from being recorded more than once. Checks which have been returned by the maker's bank for lack of fund: Checks which have been paid by the depositor's bank. Collusion Prenumbered documents Cash NSF checks Bank statement Payee Cash registers, garment sensors and burglar alarms are examples Bonding employees Custody of an asset should be kept separate from the record-keeping for that asset Maker Canceled checks Outstanding checks Petty cash receipt Cash equivalents Voucher system Shows the depositor's bank transactions and balances. Anything that a bank will accept for deposit. Physical controls. One who issues a check. One who issues a check. An extensive network of approvals by authorized individuals. Document indicating the purpose of a petty cash expenditure. Issued checks that have not been paid by the bank. Highly liquid investments