Accounting I: Chapter 5

question

Bank Statement
answer

A report of deposits, withdrawals, and bank balances sent to a depositor by a bank
question

Blank Endorsement
answer

An endorsement consisting only of the endorser’s signature
question

Checking Account
answer

A bank account from which payments can be ordered by a depositor
question

Code of Conduct
answer

A Statement that guides the ethical behavior of a company and its employees
question

Debit Card
answer

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
question

Dishonored Check
answer

A check that a bank refuses to pay
question

Electronic Funds Transfer (EFT)
answer

A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents
question

Endorsement
answer

A signature or stamp on the back of a check, transferring ownership
question

Petty Cash
answer

An amount of cash kept on hand and used for making small payments
question

Petty Cash Slip
answer

A form showing proof of a petty cash payment
question

Postdated Check
answer

A check with a future date on it
question

Restrictive Endorsement
answer

An endorsement restricting further transfer on a check’s ownership
question

Special Endorsement
answer

An endorsement indicating a new owner of a check

Get instant access to
all materials

Become a Member