1. CASH Badillo. Hernaez. Laron. Puyat. Tubongbanua.

2. Unrestricted in use Must be readily available for the payment of current obligations and not be subject to any restrictions, contractual or otherwise

4. A system of money in common use, especially in a nation A piece of paper money which amount is expended or owed BILLS CURRENCY

5. It is an order for the payment of an amount of money, usually issued and payable at a bank or post office Metal money that is used primarily as a medium of exchange or legal tender COINS POSTAL MONEY ORDER

6. BILLS COINS CURRENCY POSTAL MONEY ORDER

11. Short-term and highly liquid investments that are acquired three months before maturity can qualify as a cash equivalent Money instruments that can be readily used as a payment to an obligation

12. Internal Control Segregation of Duties Deposit Cash Collections in Bank Voucher System Issue O.R. Bank Reconciliation

14. It is money set aside to pay small expenses which cannot be paid conveniently by means of check.

15. Checks drawn to replenish the fund do not necessarily equal the petty cash disbursement, resulting to the increase and decrease of the petty cash fund.