Question 1 (10 points) Match each of the following terms with the most appropriate definition Currency, coins, checks, and amounts on deposit in bank checking and savings accounts. A document signed by the depositor instructing the bank to pay a specified amount to a designated recipient. An internal document listing items needed by a department and requesting that they be acquired. An asset such as cash that can be readily used to settle near term obligations 1. Check 2. Vendor 3. Discount Lost 4. A short-term, highly liquid investment that is readily convertible to a known cash amount and is sufficiently close to its maturity date so that the market value is not sensitive to interest rate changes. Invoice 5. Internal Control System 6. Cash 7. Purchase Requisition 8. Liquid Asset All the policies and procedures managers used to protect assets, ensure reliable accounting, promote efficient operations, and urge adherence to company policies. 9. Vendee 10. Cash Equivalents The seller of goods or services. An expense resulting from failure to take advantage of cash discounts on purchases. The buyer or purchaser of goods or services 00 An itemized statement of goods prepared by the vendor that lists the customer's name, the items sold, the sales price of each item, and the terms of sale