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Accounting Ch.5

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Code of Conduct   A statement that guides the ethical behavior of a company and its employees  
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Checking Account   A bank account from which payments can be ordered by a depositor  
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Endorsement   A signature or stamp on the back of a check transferring ownership  
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Blank Endorsement   An endorsement consisting of only the endorser's signature  
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Special Endorsement   Indicates a new owner of a check  
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Restrictive Endorsment   Restricts further transfer of a check's ownership  
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Postdated Check   A check with a further date  
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Bank Statement   A report of deposits, withdrawals, and a bank balances sent to a depositor by a bank  
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Dishonored Check   A check that a bank refuses to pay  
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Electronic Funds Transfer   A computerized cash payments system that transfers funds without the use of checks  
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Debit Card   A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder  
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Petty Cash   An amount of cash kept on hand and used for making small payments  
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Petty Cash Slip   A form showing proof of a petty cash payment  
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Created by: bailey.baucom69
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