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Routine activities that are meant to continually observe internal control activities

 

165. ____ Routine activities that are meant to continually observe internal control activities.

04_161

 

Reference: 04_166

Listed below are five terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the best term by placing the letter designating the term in the space provided.
Terms:

a. Cash equivalent

b. Bank reconciliation

c. Petty cash

d. Debit card

e. Credit card

 

 

166. ____ Minor amount of cash kept on hand.

04_166

 

 

167. ____ Short-term investments that have a maturity date no longer than three months from the date of purchase.

04_166

Jan 27 2020 View more View Less

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