accounting chapter 5 Flashcards
check
A business form ordering a bank to pay cash from a
bank account
checking account
A bank account from which payments can be ordered by
a depositor
deposit slip
A bank form that lists the checks, currency, and coins an
account holder is adding to the bank account
endorsement
A signature or stamp on the back of a check transferring
ownership
blank endorsement
An endorsement consisting only of the endorser’s
signature
special endorsement
An endorsement indicating a new owner of a check
restrictive endorsement
An endorsement restricting further transfer of a check’s
ownership
bank statement
A report of deposits,
withdrawals, and bank
balances sent to a
depositor by a bank
canceled check
A check that has been
paid by the bank
dishonored check
A check that a bank refuses to pay
non-sufficient funds check.
A check dishonored by the bank because of insufficient
funds in the account of the maker of the check
NSF check
A non-sufficient funds check is also known as an
electronic funds transfer(EFT)
A computerized cash payments system that transfers
funds without the use of checks, currency, or other paper
documents
debit card
A bank card that automatically deducts the amount of
a purchase from the checking account of the cardholder
petty cash
An amount of cash kept on hand and used for making
small payments
