| A | B |
|---|
| Cash | money in the form of coins or bills |
| Cash Equivalents | assets which can be turned into cash in a short period of time |
| Cash Controls | procedures which monitor the process of receiving and distributing cash |
| Best Practices | procedures which are considered to be the most effective |
| Deposit | place money in a bank |
| Withdraw | take money out of a bank |
| Dual Control | transactions which require two people to complete |
| Check Stock | paper which companies use to print checks |
| Bank Reconciliation | process of verifying the bank statement amounts match company cash amounts |
| Deposits in Transit | cash received and recorded by the company not yet recorded by the bank |
| Outstanding Checks | checks recorded in the company's cash account but not yet recorded (“cleared”) by the bank |
| Bank Service Charges | fees charged by the bank for common account activities |
| Non-Sufficient Funds (NSF) Check | checks not deposited by the bank because the account of the check writer did not have enough funds |
| Interest Earned | money a bank gives the company based on its bank account balance |
| Petty Cash | cash on hand to use for small expenses which do not require checks or credit cards |
| Electronic Funds Transfer (EFT) | money being exchanged between businesses and customers electronically |
