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Accounting Chapter 5
Chapter 5 Vocabulary
| Term | Definition |
|---|---|
| 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 |
| Checking Account | A bank account from which payments can be ordered by a depositor |
| Code of Conduct | A statement that guides the ethical behavior of a company and its employees |
| Debit Card | A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder |
| Dishonored Check | A check that the 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 |
| 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 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 |
Created by:
josiekay
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