BUSI 100-Final Exam

Periodic examination of a company’s financial statements and the accounting systems, controls, and records that produce them

Collection of money by the bank on behalf of a depositor

Document explaining the reasons for the difference between a depositor’s records and the bank’s records about the depositor’s cash

Document showing the beginning and ending balances of a particular bank account listing the month’s transactions that affected the account

Quantitative expression of a plan that helps managers coordinate the entry’s activities

Document instructing a bank to pay the designated person or business the specified amount of money

Chief accounting officer of a business

Deposit recorded by the company but not yet by its bank

System that transfer cash by electronic communication rather than by paper documents

Way to account for petty cash by maintaining a constant balance in the petty cash account, supported by the fund totaling the same amount

Organizational plan and related measures adopted by an entity to safeguard assets, encourage adherence to company policies, promote operational efficiency, and ensure accurate and reliable accounting records

A “hot” check, one for which the payer’s bank account has insufficient money to pay the check; cash receipts that turn out to be worthless

Check issued by the company and recorded on its books but not yet paid by its bank

Fund containing a small amount of cash that is used to pay minor amounts

In a large company, the person in charge of writing checks