match the check writing policies for a small business described 266905

Match the check writing policies for a small business described below to the following control activities:

a. Authorization

b. Recording transactions

c. Documents and records

d. Physical controls

e. Periodic independent verification

f. Separation of duties

g. Sound personnel practices

________1. The person who writes the checks to pay bills is different from the people who authorize the payments and keep records of the payment.

________2. The checks are kept in a locked drawer. The only person who has the key is the person who writes the checks.

________3. The person who writes the checks is bonded.

________4. Once each month the owner compares and reconciles the amount of money shown in the accounting records with the amount in the bank account.

________5. The owner of the business approves each check before it is mailed.

________6. Information pertaining to each check is recorded on the check stub.

________7. Ever day, all checks are recorded in the accounting records, using the information on the check stubs.