introduction chapters
chapter 6
Cash and
Highly-Liquid Investments
goals discussion
goals
achievement fill
in the blanks
multiple
choice
problems
check list and key terms
1. includes coins, currency, and money orders, but not checks that become payable on a future date (known as ).
2. The is a major component of a cash planning system, and represents the overall plan of activity that depicts cash inflows and outflows for a stated period of time.
3. Cash receipts should be deposited at the bank on a basis.
4. arise when receipts have been entered on the company records but not as yet posted by the bank.
5. The bank reconciliation is based on the Cash account and a document called a .
6. The receipts accumulated in a petty cash box are frequently called .
7. An investment in trading securities should be classified in section of the balance sheet.
8. Trading securities should be measured and reported at value.
9. Unrealized gains and losses on trading securities impact .