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Ar Com Acct I - U3

Ark Comp. Acct. I - Unit 3 - Cash Control & Banking Procedures

QuestionAnswer
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
a report of deposits, withdrawals, and bank balances sent to a depositor by a bank bank statement
an endorsement that consists only of the endorser's signature on the back of a check blank endorsement
a bank account from which payments can be ordered by a depositor checking account
a bank card that automatically deducts the amount of the purchase from the checking account of the cardholder debit card
a form prepared for the placement of cash (coins, bills, checks) into a checking account deposit slip
a check that a bank refuses to pay dishonored check
the use of a computer and telecommunications network to transfer funds from one party to another Electronic Funds Transfer (EFT)
a system established by a business that keeps a small amount of cash on hand for making small payments petty cash
an endorsement found on the back of a check restricting further transfer of a check's ownership restrictive endorsement
an endorsement indicating a new owner of a check; also known as an endorsement in full special endorsement
Created by: SherriLMay
 

 



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