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Accounting
| Term | Definition |
|---|---|
| Checking account | A bank account from which payments can be ordered by a depositor. |
| deposit slip | A bank form which lists the checks, currency, and coins an account holder is adding to a bank account. |
| endorsement | A signature or stamp on the back of a check transferring ownership. |
| postdated check | A check with a future date on it. |
| voided check | A check that cannot be processed because the maker has made it invalid. |
| bank statement | A report of deposits, withdrawals, and bank balances sent to a depositor by a bank. |
| dishonored check | A check that a bank refuses to pay. |
| non-sufficient funds check | A check dishonored by the bank because of insufficient funds in the account of the maker of the check. |
| electronic funds transfer | A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents. |
| 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. |
| cash short | A petty cash on hand amount that is less than the recorded amount. |
| cash over | A petty cash on hand amount that is more than the recorded amount. |
Created by:
callpey