Across
- 2. Insurance that covers against loss of money kept on the premises, in transit or when in custody of the business owner/employee.
- 3. Covers against theft of assets, stock as a result of forced entry.
- 7. This must occur to ensure some customers are not given accounts that will not be paid in time.
- 8. Electronic Funds Transfer Point of Sale.
- 11. These statements should be checked regularly to ensure fraud is not taking place.
- 15. Given to customer to encourage payment of services.
- 16. A business must keep these to forecast results for a business.
- 17. This type of insurance is needed to cover against the cost of repairing electronic devices.
- 19. These should be stored in a safe place along with the Petty Cash Tin.
- 20. Given to customers to encourage payment.
- 21. Covers against manufacture or sale of a business product causing harm, loss or damage to business.
- 22. Insurance that covers loss of gross profits for a business as a result of an event that interrupts business operation.
- 23. It is a good idea to ensure the same person does not access both money coming in and going out of a business.
Down
- 1. It is a good idea to do this to protect cash from being stolen by employees in business.
- 4. A process whereby the business and bank's records are compared to report any discrepancies.
- 5. Covers against breakage of glass.
- 6. Insurance taken out by business involved in freighting goods by sea, air, rail and road.
- 9. Insurance that covers the building and stock of a business.
- 10. Shopping centres take out this type of insurance predominantly.
- 12. Insurance that covers the business for fraudulent or dishonest acts committed by employees, either acting alone or in collusion with others.
- 13. Investigate their prices to remain competitive.
- 14. These should be kept as evidence of money received.
- 18. It is good practice to bank all cash received on a daily basis.