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13 Cards in this Set
- Front
- Back
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Bank Statement:
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A statement received monthly from the bank that shows the depositor's bank transactions and balances.
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Cash
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Resources that consist of coins, currency , checks, money orders, and noney on hand or on deposit in a bank or similar depository.
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Cash Budget
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A projectdion of anticipated cash flows, usually over a tone- to two-year period.
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Cash Equivalents
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Short-term, highly liquid investments that can be converted to a specific amount of cash.
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Deposits In Transit
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Deposits recorded by by the depositor that have not been recorded by the bank.
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Electronic Funds Transfer (EFT)
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A disbursement system that uses wire, telephone, telegraph, or computer to transfer cash from one location to another.
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INternal Auditors
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Comnpany employees who evaluate on a continuous basis teh effectiveness fof the company's system of internal control.
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Internal Control
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The plan of organization and all the related methods and measures adopted within a business to safeguard it's assets and enhance the accuracy and reliability of it's accountant records.
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NSF Check
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A check that is not paid by a bank becuase of insufficient funds in a customer's bank account.
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Outstanding Checks
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Checks issued and recorded by a company that have not been paid by the bank.
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Petty Cash Fund
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A cash fund used to pay relatively small amounts.
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Restricted Cash
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Cash that is not available for general use, but instead is restricted for a particular purpose.
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Treasurer
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Employee responsible for the management of a company's cash.
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