Checking Account Flashcards
1
Q
Bank on which a check is drawn
A
Drawee
2
Q
Business or person who owns a checking account
A
Drawer
3
Q
Business or person who receives a check
A
Payee
4
Q
Check that is not yet paid by the bank
A
Outstanding check
5
Q
Check paid by the bank
A
Canceled check
6
Q
Form for recording deposits and checks
A
Check register
7
Q
Report showing the condition of the bank account
A
Bank statement
8
Q
Statement showing how the checkbook balance and the bank balance were brought into agreement
A
Bank reconciliation
