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Accounting Ch.5

Code of Conduct A statement that guides the ethical behavior of a company and its employees
Checking Account A bank account from which payments can be ordered by a depositor
Endorsement A signature or stamp on the back of a check transferring ownership
Blank Endorsement An endorsement consisting of only the endorser's signature
Special Endorsement Indicates a new owner of a check
Restrictive Endorsment Restricts further transfer of a check's ownership
Postdated Check A check with a further date
Bank Statement A report of deposits, withdrawals, and a bank balances sent to a depositor by a bank
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
Debit Card A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
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
Created by: bailey.baucom69