Accounting Chapter 5: Banking, Endorsements, and Cash Management

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

2023
Views:

185

Pages:

1
Author:

5prinzg1s

Acct. Ch 5 review Question Bank statement Special endorsement Checking account Blank endorsement Petty cash Debit card Code of conduct Electronic funds transfer Endorsement Postdated check Dishonored check Petty cash slip Restrictive endorsement Each time cash or checks are placed in a bank account, the customer prepares a A lost check with a blank endorsement on it can be cashed by An endorsement on the back of a check consisting only of a signature is An endorsement on the back of a check consisting of the words “Pay to the order of” and a new check owner’s name is a If any kind of error is made in preparing a check, Answer A report of deposits, withdrawals, and bank balances sent to a depositor by a bank. An endorsement indicating a new owner of a check. A bank account from which payments can be ordered by a depositor. An endorsement consisting only of the endorser’s signature. An amount of cash kept on hand and used for making small payments. A bank card that, when making purchases, automatically deducts the amount of the purchase from the checking account of the cardholder. A statement that guides the ethical behavior of a company and its employees. 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 with a future date on it. A check that a bank refuses to pay. A form showing proof of a petty cash payment. An endorsement restricting further transfer of a check’s ownership. deposit slip anyone who has the check a blank endorsement special endorsement a new check should be prepared, VOID should be written on the check stub, VOID should be written on the check An endorsement on the back of a check indicating that the check is to be accepted for deposit only is a restrictive endorsement A petty cash fund is always replenished at the end of the month The entry to establish a $200.00 petty cash fund is debit Petty Cash, $200.00; credit Cash, $200.00