Banking and Cash Handling Terms | California State University, Northridge

University:
California State University, Northridge
Course:
FIN 302 | Personal Finance
Academic year:

2023
Views:

207

Pages:

1
Author:

Alexa Livingston

Chapter 5 Question Bank statement Blank endorsement Canceled check Cash over Cash short Checking account Debit card Deposit slip Dishonored check Electronic funds transfer Endorsement Non-sufficient funds check Petty Cash Petty Cash slip Postdated check Restrictive endorsement Special endorsement FYI – Steps to Recording a Voided Check FYI – Purpose of a check stub FYI – FDIC Answer a report of deposits, withdrawals, and bank balances sent to a depositor by a bank an endorsement consisting only of the endorser's signature a check which has been paid by the bank a petty cash on hand amount that is more than a recorded amount a petty cash on hand amount that is less than a recorded amount a bank account from which payments can be ordered by a depositor a bank card that automatically deducts the amount of a purchase from the checking account of the cardholder a bank form which lists checks, currency, and coin an account holder is adding to the bank account a check that a bank refuses to pay a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents a signature or stamp on the back of a check transferring ownership a check dishonored by the bank because of insufficient funds in the account of the marker an amount of cash kept on hand and used for making small payments a form showing proof of a petty cash payment a check with a future date an endorsement restricting further transfer of a check's ownership an endorsement indicating a new owner of a check 1.Record the date 2.Write the word VOID in the Account Title column 3.Write the check number 4.Place a check mark in the pot. ref. column 5.Place a dash in the cash credit column to keep a business's record of each check written for a cash payment transaction the Federal Deposit Insurance Corporation protects depositors from banks that fail. check appears to be altered 2.The signature doesn't match the one on the signature FYI – 5 other reasons 1.The card 3.The amounts written in figures and words don't agree 4.The check is postdated for a dishonored check 5.The person who wrote the check has stopped payment on the check date 2.write the titles of the accounts to be debited in the account title column FYI – Steps to replenish 1.Write 3.Record debited amounts in the general debit column 4.Write title and the amount of the Petty Cash shortage 5.Write amount of replenishment 6.Write source document Voided Check a check that cannot be processed because the marker has made it invalid