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Rice Acctg Ch5 Set 1
Maplewood Rice Acctg Ch 5
Question | Answer |
---|---|
• code of conduct | a statement that guides ethical behavior of a company and its employees |
• checking account | a bank account from which payments can be ordered by a depositor |
• endorsement | a signature or stamp on the back of a check transferring ownership |
• blank endorsement | an endorsement consisting only of the endorser’s signature |
• special endorsement | an endorsement indicating a new owner of a check |
• restrictive endorsement | an endorsement restricting further transfer of a check’s ownership |
• postdated check | a check with a future date on it |
Set 2 | |
bank statement | a report of deposits, withdrawals, and bank balances sent to a depositor by a bank |
dishonored check | a check that a bank refuses to pay |
electronic funds transfer | a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents |
debit card | a bank card that automatically deducts the amount of a purchase from the checking account of the cardholder |
petty cash | cash kept on hand and used for making small payments |
petty cash slip | a form showing proof of a petty cash payment |