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Fabm2 - Se (2) Answer Key

The document contains the answer key for Test 2 on multiple choice questions and Test 1 on terms and theories related to accounting concepts such as internal control, cash, petty cash funds, deposits in transit, cash equivalents, cash budgets, internal auditors, non-sufficient funds checks, outstanding checks, and restricted cash. The answer key provides the correct multiple choice answer for each question numbered 1 through 45.

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1K views2 pages

Fabm2 - Se (2) Answer Key

The document contains the answer key for Test 2 on multiple choice questions and Test 1 on terms and theories related to accounting concepts such as internal control, cash, petty cash funds, deposits in transit, cash equivalents, cash budgets, internal auditors, non-sufficient funds checks, outstanding checks, and restricted cash. The answer key provides the correct multiple choice answer for each question numbered 1 through 45.

Uploaded by

l m
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ANSWER KEYS TEST 2.

MULTIPLE CHOICE
TEST 1. TERMS AND THEORIES 1. C
2. A
1. Internal control
3. C
2. Cash
3. Petty cash fund 4. B
4. Deposits in transit 5. B
5. Cash equivalents 6. D
6. Cash budget 7. D
7. Internal auditors 8. A
8. NSF check 9. A
9. Outstanding checks 10. C
10. Restricted cash 11. D
11. Bank reconciliation 12. C
13. C
12. Bank service charge 14. A
15. C
13. Bank statement
16. C
14. Bonding 17. D
18. B
15. Cash 19. B
16. Cash equivalents 20. A
21. D
17. Check 22. A
23. B
18. Deposits in transit
24. A
19. Electronic Funds Transfer 25. B
26. C
20. Fraud 27. D
21. Fraud triangle 28. C
29. B
22. Internal auditors 30. A
31. D
23. Internal control
32. A
24. NSF check 33. C
34. C
25. Outstanding checks 35. B
26. Petty cash fund 36. A
37. A
27. Restricted cash 38. B
39. C
28. Voucher
40. A
29. Voucher system 41. A
42. D
30. Cash 43. D
44. B
45. D

(a)

(b)

(c)

(d)

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