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