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Accounting
Chapter 5 Review
| Question | Answer |
|---|---|
| an endorsement restricting further transfer of a check's ownership | restrictive endorsement |
| a bank account from which payments can be ordered by a depositor | checking account |
| a check that a bank refuses to pay | dishonored check |
| an amount of cash kept on hand and used for making small payments | petty cash |
| an endorsement consisting only of the endorser's signature | blank endorsement |
| a report of deposits, withdrawals, and bank balances sent to a depositor by a bank | bank statement |
| a bank card that, when making puchases, automatically deducts the amount of the purchase from the checking account of the cardholder | debit card |
| a form showing proof of a petty cash payment | petty cash slip |
| A signature or stamp on the back of a check transferring ownership | endorsement |
| a check with a future date on it | postdated check |
| an endorsement indicating a new owner of a check | special endorsement |
| a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents | electronic funds transfer |
| a statement that guides the ethical behavior of a company and its employees | code of conduct |
Created by:
rhawkins@atlantic
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