Acct. Ch 5 review
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| Bank statement | A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.
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| Special endorsement | An endorsement indicating a new owner of a check.
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| Checking account | A bank account from which payments can be ordered by a depositor.
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| Blank endorsement | An endorsement consisting only of the endorser’s signature.
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| Petty cash | An amount of cash kept on hand and used for making small payments.
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| Debit card | 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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| Code of conduct | A statement that guides the ethical behavior of a company and its employees.
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| Electronic funds transfer | A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
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| Endorsement | A signature or stamp on the back of a check transferring ownership.
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| Postdated check | A check with a future date on it.
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| Dishonored check | A check that a bank refuses to pay.
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| Petty cash slip | A form showing proof of a petty cash payment.
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| Restrictive endorsement | An endorsement restricting further transfer of a check’s ownership.
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| Each time cash or checks are placed in a bank account, the customer prepares a | deposit slip
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| A lost check with a blank endorsement on it can be cashed by | anyone who has the check
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| An endorsement on the back of a check consisting only of a signature is | a blank endorsement
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| An endorsement on the back of a check consisting of the words “Pay to the order of” and a new check owner’s name is a | special endorsement
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| If any kind of error is made in preparing a check, | a new check should be prepared, VOID should be written on the check stub, VOID should be written on the check
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| An endorsement on the back of a check indicating that the check is to be accepted for deposit only is a | restrictive endorsement
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| A petty cash fund is always replenished | at the end of the month
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| The entry to establish a $200.00 petty cash fund is | debit Petty Cash, $200.00; credit Cash, $200.00
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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.
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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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