| A) | Cheques that the bank has paid and deducted from the customer's account during the month. (p. 476)
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| B) | A credit card that is issued by a bank. (p. 474)
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| C) | An insurance policy purchased by a company to protect against losses from theft by that employee. (p. 463)
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| D) | An asset such as cash that is easily converted into other types of assets or used to buy services or to pay liabilities. (p. 466)
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| E) | A ratio used to assess a company's ability to cover its current debts with existing assets calculated as quick assets (cash, short-term investments, and receivables) divided by current liabilities; also called quick ratio. (p. 486)
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| F) | Those current assets that are most liquid, specifically cash, short-term investments, and receivables. (p. 486)
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| G) | Includes currency, coins, and amounts on deposit in bank chequing or savings accounts. (p. 466)
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| H) | An analysis that explains the difference between the balance of a chequing account shown in the depositor's records and the balance reported on the bank statement. (p. 476)
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| I) | A document signed by the depositor instructing the bank to pay a specified amount of money to a designated recipient. (p. 473)
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| J) | An act in which two or more people agree to commit a fraud. (p. 463)
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| K) | An internal control principle requiring the division of responsibility for related transactions between two or more individuals or departments. (p. 463)
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| L) | Includes the signature of each person authorized to sign cheques from the account. (p. 472)
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| M) | The use of electronic communication to transfer cash from one party to another. (p. 473)
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| N) | Lists the items such as currency, coins, and cheques deposited along with each of their dollar amounts. (p. 472)
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| O) | A characteristic of an asset that refers to how easily the asset can be converted into cash or another type of asset or used in paying for services or obligations. (p. 466)
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| P) | An income statement account used to record cash shortages and cash overages arising from omitted petty cash receipts and from errors in making change. (p. 467)
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| Q) | Fundamental principles of internal control that apply to all companies requiring management to ensure transactions and activities are authorized, maintain records, insure assets, separate recordkeeping and custody of assets, establish a separation of duties, apply technological controls, and perform internal and external audits. (p. 462)
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| R) | Card used at point of sale to transfer payment for a purchase immediately from the customer's to the vendor's bank account. (p. 474)
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| S) | All the policies and procedures managers use to protect assets, ensure reliable accounting, promote efficient operations, and urge adherence to company policies. (p. 462)
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| T) | Employee responsible for safekeeping of the cash, making payments from this fund, and keeping accurate records. (p. 468)
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