CH 5 Cash Control Systems

Question 1

A bank account from which payments can be ordered by a depositor.

Answer 1

Checking Account

Question 2

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

Answer 2

Endorsement

Question 3

An endorsement consisting only of the endorser’s signature.

Answer 3

Blank Endorsement

Question 4

An endorsement indicating a new owner of a check.

Answer 4

Special Endorsement

Question 5

An endorsement restricting further transfer of a check’s ownership.

Answer 5

Restrictive Endorsement

Question 6

A check with a future date on it.

Answer 6

Postdated Check

Question 7

A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.

Answer 7

Bank Statement

Question 8

A check that a bank refuses to pay.

Answer 8

Dishonored Check

Question 9

A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.

Answer 9

Electronic Funds Transfer

Question 10

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

Answer 10

Debit Card

Question 11

An amount of cash kept on hand and used for making small payments.

Answer 11

Petty Cash

Question 12

A form showing proof of a petty cash payment.

Answer 12

Petty Cash Slip

Question 13

A statement that guides the ethical behavior of a company and its employees.

Answer 13

Cod of Conduct