Chapter 5

Question 1

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

Answer 1

check

Question 2

a bank account from which payments can be ordered by a depositer

Answer 2

checking account

Question 3

2 things to open a checking account

Answer 3

signature card and deposit slip

Question 4

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

Answer 4

deposit slip

Question 5

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

Answer 5

endorsement

Question 6

3 types of endorsements

Answer 6

blank, special, and restrictive endorsement

Question 7

an endorsement consisting of only the endorsers signature

Answer 7

blank endorsement

Question 8

a endorsement indicating a new owner of a check

Answer 8

special endorsement

Question 9

an endorsement restricting further transfers of a check’s ownership

Answer 9

restrictive endorsement

Question 10

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

Answer 10

bank statement

Question 11

a check that has been paid by the bank

Answer 11

canceled check

Question 12

a check that the bank refuses to pay

Answer 12

dishonored check

Question 13

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

Answer 13

non-sufficient funds check

Question 14

non sufficient funds check is also known as a

Answer 14

NSF-Check

Question 15

a computerized cash payments system that transfers find without the use of checks, currency, or other paper documents

Answer 15

electronic funds transfer (EFT)

Question 16

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

Answer 16

debit card

Question 17

an amount of cash kept on hand to make small payments

Answer 17

petty cash

Question 18

a form showing proof of a petty cash payment

Answer 18

petty cash slip

Question 19

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

Answer 19

cash over

Question 20

amount title - cash short and over
debit when cash is short
credit when cash is over

Answer 20

replenishing petty cash