A report of deposits, withdrawals, and bank balances sent to a depositor.

An endorsement consisting only of the endorser's signature.

A check which has been paid by the bank.

A petty cash on hand amount that is more than a recorded amount.

A petty cash on hand amount that is less than a recorded amount.

A bank account from which payments can be ordered by a depositor.

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.

A bank form which lists the checks, currency, and coins an account holder is adding to the bank account.

A check that a bank refuses to pay.

Electronic funds transfer

A computerized cash payment system that transfers funds without the use of checks, currency, or other paper documents.

A signature or stamp on the back of a check transferring ownership.

Non-sufficient funds check

A check dishonored by the bank because of insufficient funds in the account of the maker of the check.

An amount of cash kept on hand and used for making small payments.

A form showing proof of a petty cash payment.1

A check with a future date on it.

Restrictive endorsement

An endorsement restricting further transfer of a check's ownership.

An endorsement indicating a new owner of a check.

A check that cannot be processed because the maker has made it invalid.

FYI – Steps to Recording a Voided Check

1. Record the date. 2. Write the word, VOID, in title. 3.Write check number. 4.Place a check mark in Post.Ref. 5.Place a dash in the Cash Credit column.

FYI – Purpose of a check stub

To keep business's record of each check written for a cash payment transaction.

The Federal Deposit Insurance Corporation protects depositors from banks that fail.

FYI – 5 other reasons for a dishonored check

1.Appears to be altered. 2.The signature does not match the signature card at the bank. 3.Amounts written in words and figures don't agree. 4.Check is postdated. 5.Check owner has stopped payment

FYI – Steps to replenish Petty Cash

1. Write the date. 2. Write account titles. 3. Record Debit amounts. 4.Write, Cash Short and Over, in title column and the amount in the General Debit. 5.Write amount of replenishment. 6. Write source document number. 3.

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Chapter 5

Term	Definition
Bank statement	A report of deposits, withdrawals, and bank balances sent to a depositor.
Blank endorsement	An endorsement consisting only of the endorser's signature.
Canceled check	A check which has been paid by the bank.
Cash over	A petty cash on hand amount that is more than a recorded amount.
Cash short	A petty cash on hand amount that is less than a recorded amount.
Checking account	A bank account from which payments can be ordered by a depositor.
Debit card	A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.
Deposit slip	A bank form which lists the checks, currency, and coins an account holder is adding to the bank account.
Dishonored check	A check that a bank refuses to pay.
Electronic funds transfer	A computerized cash payment system that transfers funds without the use of checks, currency, or other paper documents.
Endorsement	A signature or stamp on the back of a check transferring ownership.
Non-sufficient funds check	A check dishonored by the bank because of insufficient funds in the account of the maker of the check.
Petty Cash	An amount of cash kept on hand and used for making small payments.
Petty Cash slip	A form showing proof of a petty cash payment.1
Postdated check	A check with a future date on it.
Restrictive endorsement	An endorsement restricting further transfer of a check's ownership.
Special endorsement	An endorsement indicating a new owner of a check.
Voided check	A check that cannot be processed because the maker has made it invalid.
FYI – Steps to Recording a Voided Check	1. Record the date. 2. Write the word, VOID, in title. 3.Write check number. 4.Place a check mark in Post.Ref. 5.Place a dash in the Cash Credit column.
FYI – Purpose of a check stub	To keep business's record of each check written for a cash payment transaction.
FYI – FDIC	The Federal Deposit Insurance Corporation protects depositors from banks that fail.
FYI – 5 other reasons for a dishonored check	1.Appears to be altered. 2.The signature does not match the signature card at the bank. 3.Amounts written in words and figures don't agree. 4.Check is postdated. 5.Check owner has stopped payment
FYI – Steps to replenish Petty Cash	1. Write the date. 2. Write account titles. 3. Record Debit amounts. 4.Write, Cash Short and Over, in title column and the amount in the General Debit. 5.Write amount of replenishment. 6. Write source document number. 3.

Created by: tchudej0528

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