Accounting Chapter 5 Flashcards
Checking account
A bank account from which payments can be ordered by depositor
Deposit slip
A bank form which lists the checks and Currensy and coins an account holder is adding to the bank account
Endorsement
A signature or stamp on the back of a check transferring ownership
Bank endorsement
On endorsement consisting only of the endorsers signature
Special endorsement
Dorsman indicating a new owner of a check
Pay to the order of
Name
Signature
Restrictive endorsement
On endorsement restricting farther transfers of a checks ownership
For deposit only to the account of
Business name
Signature
Post dated check
Check with a future date on it
Voided check
A check that cannot be processed because the market has made it invalid
Bank statement
A report of deposit, withdraws, and bank balances sent to depositor by a bank
Canceled check
A check which has been paid by the bank
Dishonored check
Hey check that a bank refuses to pay
Nonsufficient funds check
NSF check
Hey check the sonic by the bank because of insufficient funds in the account
Debit card
Bank card that automatically deduct the amount of a purchase from the checking account of the card holder
Petty cash
An amount of cash kept on hand and used for making small payments
Petty cash slip
They form showing proof of a petty cash payment
