Question | Answer |
Check NOT yet paid by the bank | Outstanding Check |
A financial statement showing the revenue expenses, and profit/loss for a business | Statement of Income |
A bill for shipment of merchandise prepared by a common carrier, such as a trucking company | Freight Bill |
A form listing goods received for shipment by a trucking company promising delivery | Bill of Lading |
The method of payment agreed upon between the buyer and seller | Terms |
A formal periodic check of records | Audit |
A bill for services | Service Invoice |
A form of billing a customer for merchandise purchased | Item Invoice |
A form used to order merchandise | Purchase Order |
A business for listing gross pay, deductions, and net pay for each employee in a business | Payroll Register |
The amount a person receives before taxes and other deductions are withheld from the paycheck | Gross Pay |
The amount a person receives after taxes and other deductions are withheld from the pay check | Net Pay |
The part of a business letter that contains a formal greeting | Salutation |
Includes the words "for deposit only" in addition to the signature on the back of a check | Restrictive Endorsement |
The business or person who owns a checking account | Drawer |
The bank on which a check is drawn | Drawee |
The part of a business letter that contains a formal closing | Complimentary Close |
A bookkeeping record used to record all receipts and payment of company money | Cash Book |
A form on which a depositer keeps a recorder of deposits and checks | Check Register |
Form completed by a business when paying taxes to the IRS | Federal Tax Credit Card |
Law requiring employees to pay social security and Medicare Tax | FICA |
Form completed by an employee that helps the employer determine income tax withheld | W4 |
Allowance claimed by an employee for self or for a dependent that determines income tax withheld | Exemption |
Report showing the condition of the bank account | Bank Statement |
Statement showing how the checkbook balance and the bank balance were brought into agreement | Bank Reconciliation |
Checks paid by the bank | Canceled Check |