Accounting Controls Crossword

Provides information for making decisions evaluates the importance of a business ensures accountability
this control is administrative and accounting procedures that protect the assets of the business eg cash
These cover important areas of a businesses' daily operations. They are designed to ensure businesses operate efficiently and to protect their assets
this control aims to protect the assets of businesses and ensure the accounting records are accurate and reliable
This control requires cash to function on a daily basis. They need enough cash to pay suppliers and other expenses. Need to know the time delay of cash from credit sales eg how long will our customers take to pay their accounts
This process brings the business's record of the bank balance and the bank statement into agreement
this may have occurred when either the bank or the business has left something out
these are amounts deposited directly into the bank account, which, therefore, the business has not yet recorded
abbreviation not the full
these are similar to direct deposits but occur when a business's customers use adebit card for their purchases to transfer funds from their bank account to the business's bank account
these are amounts that the business may have deposited too late in the month to appear on the current bank statement
these may include charges by the bank for operating the account, or authorised regular payments eg rent and insurance. Such payments appear on the bank statement but not in the business's records
these are cheques written and sent to other businesses or people but not yet presented to the bank for payment. These cheques will not appear on the bank statement because the money has not gone out of the account.
a complete list of items such as property, goods in stock, or the contents of a building
the concept of having more than one person required to complete a task
a record of each item of stock held by a business and the movement of this stock item into and out the business