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Arkansas OM Unit 4
Arkansas OM Unit 4 - Financial Information
| Question | Answer |
|---|---|
| an electronic machine from which cash deposits and withdrawals can be made | automated teller machine (ATM) |
| bringing into agreement a bank statement with a party's cash account records | bank reconciliation |
| an endorsement that consists only of the endorser's signature on the back of a check | blank endorsement |
| refers both to actual cash (coins & bills), checks, money orders, and funds in checking accounts in a banking institution | cash |
| relating to a petty cash system by which there is a cash discrepancy showing more money on hand than the related records indicate | cash over |
| relating to a petty cash system by which there is a cash discrepancy showing less cash on hand than the related records indicate | cash short |
| a written order to a bank to make payment against the depositor's funds in that bank | check |
| a bank account from which payments can be ordered by a depositor | checking account |
| a fee paid to an employee, usually based on a percentage of the value of what the employee sells or processes | commission |
| an item that reduces gross pay earned by an employee | deduction |
| the placement of cash (coins, bills, checks) into an account | deposit |
| the individual who places cash (coins, bills, checks) into an account | depositor |
| use of a computer and a telecommunications network to transfer funds from one fund to another | electronic banking |
| the use of a computer and a telecommunications network to transfer funds from one party to another | Electronic Funds Transfer (EFT) |
| a business form used to record details affecting payments made to an individual employee | employee earnings record |
| an endorsement found on the back of a check indicating the new owner of a check; also known as a special endorsement | endorsement in full |
| the salary paid to an employee before any deductions are withheld | gross pay |
| the amount of money an employee earns for each hour of work | hourly wage |
| the total earnings paid to an employee after payroll taxes and other deductions are withheld | net pay |
| the amount of pay an employee receives as an incentive for working over the regular work day or work week | overtime pay |
| the total amount earned by all employees for a pay period | payroll |
| a business form used to record payroll information on all employees for a pay period | payroll register |
| a form used in a petty cash system to record all disbursements and receipts | petty cash record |
| a form used in a petty cash system used to summarize expenditures | petty cash summary report |
| a system established by a business that keeps a small amount of cash on hand for making small payments | petty cash system |
| an amount paid to an employee for performing work excluding overtime pay and commission earned | regular pay |
| relating to a petty cash system by which the cash box amount is restored to its original level of cash | replenish |
| an endorsement found on the back of a check restricting further transfer of a check's ownership | restrictive endorsement |
| the money paid for employee services | salary |
| a bank document prepared by an account holder that is a key to the bank account security that documents who may sign checks on particular bank accounts | signature card |
| an endorsement indicating a new owner of a check; also known as an endorsement in full | special endorsement |
| a card that is required of employees to record their arrival and departure times for payroll purposes | time card |
Created by:
SherriLMay
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