CMA03
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Bank- | A financial institution that handles money for its customers.
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| Checks- | Commercial paper drawn on funds deposited and held in a bank account.
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| Drawer- | The depositor, the person writing the check.
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| Drawee- | The bank in which the drawer has money on deposit.
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| Payee- | The party to receive the money as directed by the drawer.
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| Negotiable Instruments- | The right to receive money on deposit can be transferred to someone else.
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| Endorsement- | The payee acknowledges the right to receive the money by signing the back of check.
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| Blank Endorsement- | The check has only the payee’s signature, thus making it payable to any bearer.
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| Restrictive Endorsement- | Directs how the check is to be made payable: e.g for deposit only, pay to the order of, etc.
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| Cashier’s Check- | Check signed by a bank official, that is directly drawn from a person’s account.
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| Counter Check- | A check the bank prepares as a substitute for a regular.
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| Money Order- | A kind of check that can be purchased at the post office as well as convenience stores.
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| Signature Card- | A document used to verify a depositor’s signature.
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| Deposit Ticket- | A printed bank form that identifies the money items placed into an account.
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| Dishonered Check- | A check the bank refuses to pay generally because of insufficient funds.
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| Overdraft- | Issuing a check without sufficient funds. Illegal in most states.
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| Postdated Checks- | Checks dated after the date it was written.
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| Check Stub- | Small form to the left of each check that contains space to record all relevant information about a check and checking account balance.
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| Check Register- | Information recorded in a booklet maintained with the bound checks.
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| Bank Statement- | A statement of account rendered to each depositor once a month by a bank.
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| Outstanding Checks- | Checks that have been written between bank statement periods.
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| Outstanding Deposits- | Funds entered in the account between bank statement periods.
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| Debits- | Amounts that have been deducted from the account between bank statement periods.
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| Credits- | Amounts that have been added to the account between bank statement periods.
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| Reconciliation- | The process of adjusting bank statement and check register balances to determine the true balance of the account.
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| Cancelled Check- | Checks that have been paid by the bank.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
itsdelis
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