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Acct. Ch 5 review

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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Question
Answer
Bank statement   show
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Special endorsement   show
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show A bank account from which payments can be ordered by a depositor.  
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Blank endorsement   show
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show An amount of cash kept on hand and used for making small payments.  
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show A bank card that, when making purchases, automatically deducts the amount of the purchase from the checking account of the cardholder.  
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show A statement that guides the ethical behavior of a company and its employees.  
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show A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.  
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show A signature or stamp on the back of a check transferring ownership.  
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show A check with a future date on it.  
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show A check that a bank refuses to pay.  
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Petty cash slip   show
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show An endorsement restricting further transfer of a check’s ownership.  
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show deposit slip  
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show anyone who has the check  
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An endorsement on the back of a check consisting only of a signature is   show
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show special endorsement  
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If any kind of error is made in preparing a check,   show
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show restrictive endorsement  
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A petty cash fund is always replenished   show
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The entry to establish a $200.00 petty cash fund is   show
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show  
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Created by: thanser
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