Explanation Fraud : Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer. Internal control : Internal control is a process which ensures continuous reliability of accomplishment of a company’s objectives, related to operations, financial reporting, and in conformity with laws and regulations. Match the correct terms for the statements . a. Term : Deposit in transit Justification : The deposits which are not recorded by the bank are referred to as deposits in transit. b. Term : Fraudulent financial reporting Justification : This is type of fraud to represent the financial condition of a company in a better way than it actually appears, and the main purpose is to deceive investors and creditors. c. Term : Remittance advice Justification : This is the document received by the mailroom employees, which includes purpose and details like name of customer, amount sent, invoice number, and date. d. Term : Internal control Justification : Internal control is a process which ensures continuous reliability of accomplishment of a company’s objectives, related to operations, financial reporting, and in conformity with laws and regulations. e. Term : Outstanding check Justification : Outstanding checks are the checks that are issued by the company, but not yet paid by the bank. f. Term : Controller Justification : Controller is the person who governs the accounting system of a company. g. Term : Firewall Justification : Firewall is a security measure designed in multiple steps to prevent unauthorized access...

Financial Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (12th Edition)

12th Edition

ISBN: 9780134833156

Author: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

Publisher: PEARSON

See similar textbooks

Question

Chapter 4, Problem 4.14S

To determine

To use: The correct terms (given) for the statements

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 4, Problem 4.13S

Chapter 4, Problem 4.15AE

Students have asked these similar questions

Financial accounting

Please give correct option for this accounting question

Financial Account

Chapter 4 Solutions

Financial Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (12th Edition)

Ch. 4 - Prob. 1QC Ch. 4 - Prob. 2QC Ch. 4 - Prob. 3QC Ch. 4 - Prob. 4QC Ch. 4 - Prob. 5QC Ch. 4 - Prob. 6QC Ch. 4 - Prob. 7QC Ch. 4 - Why does cash require some specific internal...Ch. 4 - Prob. 9QC Ch. 4 - Prob. 10QC

Ch. 4 - Prob. 11QC Ch. 4 - Prob. 12QC Ch. 4 - Prob. 4.1EC Ch. 4 - Prob. 4.1S Ch. 4 - Prob. 4.2S Ch. 4 - (Learning Objective 2: Describe objectives and...Ch. 4 - Prob. 4.4S Ch. 4 - (Learning Objective 2: Explain the objectives and...Ch. 4 - (Learning Objective 3: Evalue internal controls...Ch. 4 - Prob. 4.7S Ch. 4 - Prob. 4.8S Ch. 4 - Prob. 4.9S Ch. 4 - Prob. 4.10S Ch. 4 - Prob. 4.11S Ch. 4 - Prob. 4.12S Ch. 4 - Prob. 4.13S Ch. 4 - Prob. 4.14S Ch. 4 - Prob. 4.15AE Ch. 4 - Prob. 4.16AE Ch. 4 - Prob. 4.17AE Ch. 4 - Prob. 4.18AE Ch. 4 - Prob. 4.19AE Ch. 4 - Prob. 4.20AE Ch. 4 - Prob. 4.21AE Ch. 4 - Prob. 4.22BE Ch. 4 - Prob. 4.23BE Ch. 4 - Prob. 4.24BE Ch. 4 - (Learning Objectives 1, 2, 3: Describe fraud and...Ch. 4 - Prob. 4.26BE Ch. 4 - Prob. 4.27BE Ch. 4 - Prob. 4.28BE Ch. 4 - Prob. 4.29Q Ch. 4 - Prob. 4.30Q Ch. 4 - Prob. 4.31Q Ch. 4 - Prob. 4.32Q Ch. 4 - Prob. 4.33Q Ch. 4 - Prob. 4.34Q Ch. 4 - Prob. 4.35Q Ch. 4 - Prob. 4.36Q Ch. 4 - Prob. 4.37Q Ch. 4 - Prob. 4.38Q Ch. 4 - Prob. 4.39Q Ch. 4 - Prob. 4.40Q Ch. 4 - Prob. 4.41AP Ch. 4 - Prob. 4.42AP Ch. 4 - Prob. 4.43AP Ch. 4 - Prob. 4.44AP Ch. 4 - Prob. 4.45BP Ch. 4 - (Learning Objectives 2, 3: Explain the objectives...Ch. 4 - (Learning Objective 3: Evaluate internal controls)...Ch. 4 - Prob. 4.48BP Ch. 4 - Prob. 4.49CEP Ch. 4 - Prob. 4.50CEP Ch. 4 - Prob. 4.51SC Ch. 4 - Prob. 4.52DC Ch. 4 - Prob. 4.53DC Ch. 4 - Prob. 4.54EIC Ch. 4 - Prob. 1FF Ch. 4 - Prob. 1FA

Knowledge Booster

Similar questions

SEE MORE QUESTIONS

Recommended textbooks for you

Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning
Financial Accounting: The Impact on Decision Make...
Accounting
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:South-Western College Pub
College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q...
Accounting
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax College