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AccountingChapter5

Ms. Boyd's accounting vocab

TermDefinition
Code of Conduct A statement that guides the ethical behavior of a company and its employees. (pg.118)
Checking Account A bank account from which payments can be ordered by a depositor. (pg.119)
Endorsement A signature or stamp on the back of a check transferring ownership (pg.120)
Blank Endorsement An endorsement consisting only of the endorser's signature (pg.120)
Special Endorsement An endorsement indication a new owner of a check (pg.120)
Restrictive Endorsement An endorsement restricting further transfer of a check's ownership(pg.120)
Postdated Check A check with a future date on it(pg.121)
Bank Statement A report of deposits, withdrawals, and bank balances sent to a depositor by a bank. (pg. 124)
Dishonored Check A check that a bank refuses to pay. (pg.129)
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 purchase from the checking account of the cardholder. (pg.132)
Petty Cash An amount of cash kept on hand and used for making small payments. (pg.134)
Petty Cash Slip A form showing proof of a petty cash payment. (pg.135)
Created by: ClaresAccounting
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