141. Match the following terms with the appropriate definition:. 1. An asset such as cash that can be readily used to settle short-term obligations. Cash 2. Currency, coins, and...

1. An asset such as cash that can be readily used to settle short-term obligations.

Cash

2. Currency, coins, and amounts on deposit in bank checking and many savings accounts.

Cash equivalent

3. An internal document listing the goods needed by a department and requesting that it be purchased.

Check

4. Short-term, highly liquid investments that are readily convertible to known cash amount and are sufficiently close to their maturity date so that the market value is not sensitive to interest rate change.

Outstanding checks

5. An itemized statement of goods prepared by the vendor that lists the customer's name, the items sold, the sales price of each item, and the terms of sale.

Liquid asset

6. All the policies and procedures managers use to protect assets, ensure reliable accounting, promote efficient operations, and urge adherence to company policies.

Internal control system

7. Money kept to cover the cost of small incidental payments.

Petty cash fund

8. Checks written by the depositor, deducted on the depositor's records, sent to the payees, but not yet received by the bank for payment.

Vendor

9. A document signed by the depositor instructing the bank to pay a specified amount to a designated recipient.

Purchase requisition

10. The seller of goods or services.

Invoice