Chapter 7 Quiz
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| Cash | Coins, currency, checks, money orders, and money on deposit
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| Preventive controls | Controlling cash from the time it is received until it is deposited in the bank
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| Detective controls | Procedures designed to detect theft or misuse of cash
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| Remittance advice | Portion of the invoice returned with payment
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| Voucher system | Set of procedures for authorizing and recording liabilities and cash payments
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| Electronic funds transfer | Computers rather than paper are used to effect cash transactions
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| Signature card | Used by the bank to verify signature on checks
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| Drawer | One who signs the check
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| Drawee | Institution on which check is drawn
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| Payee | Party to whom payment is made
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| Petty cash fund | Small amount of cash kept on hand to pay for expenses
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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