Listed Below Are Five Terms Followed by a List of Phrases

question 100

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Matches the balance of cash in the bank account with the balance of cash in the company's own records.

• A)Cash equivalent
• B)Bank reconciliation
• C)Petty cash
• D)Debit card
• E)Credit card

---

Definitions:

Bonds Payable

Long-term debt instruments issued by a company to raise capital, with the promise to pay back with interest at a future date.

Direct Method

A cash flow statement formulation approach that lists major classes of gross cash receipts and payments.

Cash Received

The total amount of money received by a company during a specific period, including revenues, investments, and other sources of income.

Accounts Receivable

Amounts owed to a company by customers for goods or services that have been delivered but not yet paid for.