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Accounting Chapter 5
| Term | Definition |
|---|---|
| A bank account from which payments can be ordered by a depositor | Checking Account |
| A bank form which lists the checks, currency, and coins an account holder is adding to the bank account | Deposit Slip |
| A signature or stamp on the back of a check, transferring ownership | Endorsement |
| An endorsement consisting only of the endorser's signature | Blank Endorsement |
| An endorsement indicating a new owner of a check | Special Endorsement |
| An endorsement restricting further transfer of a check's ownership | Restrictive Endorsement |
| A check with a future date on it | Postdated Check |
| A check that cannot be processed because the maker has made it invalid | Voided Check |
| A report of deposits, withdrawals, and bank balances sent to a depositor by a bank | Bank Statement |
| A check which has been paid by the bank | Canceled Check |
| A check that refuses to pay | Dishonored Check |
| A check dishonored by the bank because of insufficient funds in the account of the maker of the check | NSF Check |
| A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents | Electronic Funds Transfer |
| A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder | Debit Card |
| An amount of cash kept on hand and used for making small payments | Petty Cash |
| A form showing proof of a petty cash payment | Petty Cash Slip |
| A petty cash on hand amount that is less than a recorded amount | Cash Short |
| A petty cash on hand amount that is more than a recorded amount | Cash Over |
Created by:
Babegoico