BUS 426 Chapter Notes - Chapter 16: Money Market Fund, Bank Reconciliation, List Of The Shield Episodes

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 426
• Professor: Michael Favere- Marchesi

Document Summary

General cash account: the primary bank account for most organizations; virtually all cash receipts and disbursements flow through this account at some time. Imprest payroll account: a bank account to which the exact amount of payroll for the pay period is transferred by cheque from the employer"s general cash account. Branch bank account: a separate bank account maintained at a local bank by a branch of a company. Imprest petty cash fund: a fund of cash maintained within the company for small cash payments; its fixed balance is comparatively small, and it is periodically reimbursed. Cash equivalents: excess cash invested in short-term, highly liquid investments, such as term deposits, certificates of deposit and money market funds. Independent bank reconciliations: a monthly reconciliation of the differences between the cash balance in the general ledger and bank account: standard bank confirmation form: a form used by.