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

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 checks, currency, and coin an account holder is adding to the bank account

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

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 marker

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

a form showing proof of a petty cash payment

Restrictive endorsement

an endorsement restricting further transfer of a check's ownership

an endorsement indicating a new owner of a check

FYI – Steps to Recording a Voided Check

1.Record the date 2.Write the word VOID in the Account Title column 3.Write the check number 4.Place a check mark in the pot. ref. column 5.Place a dash in the cash credit column

FYI – Purpose of a check stub

to keep a 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.The check appears to be altered 2.The signature doesn't match the one on the signature card 3.The amounts written in figures and words don't agree 4.The check is postdated 5.The person who wrote the check has stopped payment on the check

FYI – Steps to replenish Petty Cash

1.Write date 2.write the titles of the accounts to be debited in the account title column 3.Record debited amounts in the general debit column 4.Write title and the amount of the shortage 5.Write amount of replenishment 6.Write source document

a check that cannot be processed because the marker has made it invalid

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Chapter 5

Question	Answer
Bank statement	a report of deposits, withdrawals, and bank balances sent to a depositor by a bank
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 checks, currency, and coin 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 payments 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 marker
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
Postdated check	a check with a future date
Restrictive endorsement	an endorsement restricting further transfer of a check's ownership
Special endorsement	an endorsement indicating a new owner of a check
FYI – Steps to Recording a Voided Check	1.Record the date 2.Write the word VOID in the Account Title column 3.Write the check number 4.Place a check mark in the pot. ref. column 5.Place a dash in the cash credit column
FYI – Purpose of a check stub	to keep a 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.The check appears to be altered 2.The signature doesn't match the one on the signature card 3.The amounts written in figures and words don't agree 4.The check is postdated 5.The person who wrote the check has stopped payment on the check
FYI – Steps to replenish Petty Cash	1.Write date 2.write the titles of the accounts to be debited in the account title column 3.Record debited amounts in the general debit column 4.Write title and the amount of the shortage 5.Write amount of replenishment 6.Write source document
Voided Check	a check that cannot be processed because the marker has made it invalid

Created by: sjacobs1203

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