
the following statement relate to cash
classification should parallel

kid shots co.
3300 + 2700 = 6000

pay team co.
4330k

Thrifty Mugs Co.
2950k

Cash on record is less than correct cash balance
deposits credited by the bank but not yet

Hand Piece Express Co.
1500k

Rollerz Co.
7500k

Ihop Co.
4900k

Derby Company
36,300

Cash control system
the safeguarding of cash


At December 31
The segregated account = NCA
regular account = CA
overdraft = current liab
when petty cash fund is used
the reimbursement should be credited to the cash
account

Unreleased checks
should be restored

Where cash count is less
the imprest system
False, True

Floor Covering Co.
11, 700

Rooney Co.
3,660k

Tallent Corp.
1,225k

Dairy Belle Co.
6,540k

Which is not a key element of internal control over
cash receipts
Immediate accounting by...

Which is false
a cert. check is one drawn by a bank upon itself

Lady Bug's
4800k

Which is false
with the establishment of an imprest petty cash fund

Checks are undelivered
Kiting
True, False

major purpose of imprest petty cash fund
to effectively control cash disbursements

Is an internal control measure to control major
company fund disbursements
voucher system

If a bank or financial institution
investments in time deposit
True, False

Proof of cash used for
discovering cash receipts that have been recorded but
have not been deposited

For cash fund
An overdraft
True, True

Velvet Wealth Co.
2800k

Foreign exchange restriction
Separately as NCA , disclosure

Kid Zone Co.
3,442k

West Co.
1850k

As of Dec. 31
Past due promissory note issued in favour

Which is true
The entry to account... debit to cash short or over

Which is true
Bank service charge

Fay Co. cash disbursements
22, 050

Fay Company balance of cash per book April 30, 2022
24, 100

Celine Co.
Which is not an adj. entry
Dr. City Bank current 100k Cr. Bank overdraft 100k

The total cash and CE
11,225k

Cash on hand
150k

petty cash fund
5k

Adjusted Ph Bank
5, 070k

Blaze Co.
1300k
Debit AR 180k

The reconciled cash receipts
4,680k

Reconciled cash disbursements

3,940k

Correct cash in bank bal.
1860k



Q Pon Book Co.
15,100k cash receipts
7,350k cash bal per book
13, 050k Cash disbursements