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TVS Accounting1-5

Accounting 1 Chapter 5

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