Accounting I: Chapter 5
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Bank Statement
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A report of deposits, withdrawals, and bank balances sent to a depositor by a bank
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Blank Endorsement
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An endorsement consisting only of the endorser's signature
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Checking Account
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A bank account from which payments can be ordered by a depositor
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Code of Conduct
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A Statement that guides the ethical behavior of a company and its employees
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Debit Card
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A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
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Dishonored Check
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A check that a bank refuses to pay
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Electronic Funds Transfer (EFT)
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A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents
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Endorsement
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A signature or stamp on the back of a check, transferring ownership
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Petty Cash
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An amount of cash kept on hand and used for making small payments
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Petty Cash Slip
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A form showing proof of a petty cash payment
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Postdated Check
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A check with a future date on it
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Restrictive Endorsement
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An endorsement restricting further transfer on a check's ownership
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Special Endorsement
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An endorsement indicating a new owner of a check
