SOLUTION TO EXERCISE 7-8

  1. Cash
  2. Cash equivalents
  3. Petty cash fund
  4. Internal control
  5. Bank service charge
  6. Bank statement
  7. Check
  8. Compensating balances
  9. Outstanding checks
  10. Deposits in transit
  11. NSF check
  12. Electronic funds transfer (EFT)
  13. Internal auditors
  14. Voucher system
  15. Voucher
  16. Bonding
  17. Bank reconciliation
  18. Restricted cash
  19. Sarbanes-Oxley Act
  20. Fraud
  21. Fraud triangle

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