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Slater Banking/Cash

Banking Procedure and Cash Control Chapter 9

QuestionAnswer
Form used when making deposits in a bank or savings and loan association Deposit Slip
When a bank credits your account, it is _______ the balance. increasing
Endorsements can be made by using a _________ ______. Rubber stamp.
Regulations require that the endorsement be within the top __________ inches to speed up the check clearing process. 1 and 1/2
The person who writes the check. Drawer
The person to whom the check is payable. Payee
The person who pays the check. Drawee
Deposits not yet added to the bank balance. Deposits in transit.
Check that has been returned because the drawer did not have enough money in its account to pay the check. Nonsufficient funds (NSF)
Created by: rlively@gntc.edu