accounting 5 Flashcards

1
Q

a check that a bank refuses to pay is called

A

dishonored check

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2
Q

a check dishonored by the bank because of insufficient funds in the account of the maker of the check

A

non sufficient funds check

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3
Q

a non sufficient funds check is also known as

A

NSF check

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4
Q

a compteriez cash payment system that transfer funds without the use of checks, currency, or other paper documents

A

electronic funds transfer (EFT)

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5
Q

a bank card that automatically deducts the amount if a purchase from the checking account of the cardholder

A

debit card

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6
Q

an amount of cash kept on hand and used for making small payments (has normal debit balance)

A

petty cash

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7
Q

a form showing proof of a petty cash payments

A

petty cash slip

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8
Q

a petty cash on hand amount that is less than the recorded amount

A

cash short

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9
Q

a petty cash on hand amount that is more than the recorded amount

A

cash over

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10
Q

replenishing petty cash

A

account title– cash short and over (debited when short, credited when over)

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11
Q

a business form ordering a bank to pay cash from a bank account

A

check

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12
Q

a bank account from which payments can be ordered by depositors

A

checking account

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13
Q

a bank form that list the checks, currency, and coins an account holder is adding to the bank account

A

deposit slip

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14
Q

a signature or stamp on the back on the back of a check transferring ownership

A

endorsment

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15
Q

an endorsement consisting only of the endorsers signature

A

blank endorsement

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16
Q

an endorsement indicating a new owner of check

A

special endorsement

17
Q

an endorsement restricting further transfer of checks ownership

A

restrictive endorsement

18
Q

a report of deposits, withdrawals, and bank balance sent to a depositor by a bank

A

bank statment

19
Q

a check that has been paid by the banks

A

canceled check