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Accounting 1 Chapter 5

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