Answer and Explanation:
The matching of the following statements to the appropriate terms :
1. Segregagtion of duties = Property custody should be kept away from keeping records of such assets
2. Cash that is not available for general use, but instead is limited to a particular purpose = Restricted cash as it is used for specific purpose not for the general purpose
3. Two or more employees circumventing prescribed procedures = Collusion. It means there is a secret agreement in view to deceived others or mislead others
4. Prevent a transaction from being recorded more than once = Prenumbered documents. It means the documents like recepits, checks, invoices that are to be accounted which reduced the unauthorized transactions
5. Checks which have been returned by the maker's bank for lack of funds. = NSF checks. It is a non sufficent fund which represents that the account have does not contain sufficent funds
6. Checks which have been paid by the depositor's bank = Cancelled checks. The checks which are cancelled due to insufficent balance or any other reason
7. A projection of anticipated cash flows.= Cash budget. It records all cash receipts and all cash payments related to the business transactions
8. Anything that a bank will accept for deposit = Cash. Cash is a more liquid assets that is shown in the current assets side of the balance sheet
9. Physical control device = Televison monitors, sensors, etc. These are the devices which are physically controlled
10. A basic principle of cash management = Invest idle cash. It refers to the cash which is not earned any value or neither it increased the value
11. Insurance protection against misappropriation of assets = Bonding employees. This refers to protect employees against any losses, theft, etc
12. Document indicating the purpose of a petty cash expenditure = Petty cash recipts. It refers how much cash is used till date, etc
13. Issued checks that have not been paid by the bank = Outstanding checks. For this the treatment is that we have to show this in a negative sign while computing the adjsuted balance of bank balance
14. Highly liquid investments = Cash equiivalent. This include cash in hand, cash at bank, marketable securities which shows the highly liquid investment and the same is shown in the current asset side of the balance sheet
