Accounting-Chapter 5 Questions and Graded Answers.
bank statement - A report of deposits, withdrawals, and bank balances sent to a depositor
by a bank.
debit card - A bank card that automatically deducts the amount of a purchase from the
checking account of the cardholder.
cash short - A petty cash on hand amount that is less than the recorded amount.
voided check - A check that cannot be processed because the maker has made it invalid.
postdated check - A check with a future date on it
cash over - A petty cash on hand amount that is more than the recorded amount.
checking account - A bank account from which payments can be ordered by a depositor.
endorsement - A signature or stamp on the back of a check transferring ownership.
petty cash slip - A form showing proof of a petty cash payment
accounting clerk - An accounting worker who processes routine details about accounting
transactions.
deposit slip - A bank form which lists the checks, currency, and coins an account holder is
adding to a bank account
, special endorsement - An endorsement indicating a new owner of a check
blank endorsement - An endorsement consisting only of the endorser's signature
dishonored check - A check that a bank refuses to pay
petty cash - An amount of cash kept on hand and used for making small payments
canceled check - A check which has been paid by the bank
checking account - A bank account from which payments can be ordered by a depositor.
deposit slip - A bank form which lists the checks, currency, and coins an account holder is
adding to the bank account.
endorsement - A signature or stamp on the back of a check, transferring ownership
blank endorsement - An endorsement consisting only of the endorser's signature.
special endorsement - An endorsement indicating a new owner of a check.
restrictive endorsement - An endorsement restricting further transfer of a check's
ownership.
postdated check - A check with a future date on it.
voided check - A check that cannot be processed because the maker has made it invalid
bank statement - A report of deposits, withdrawals, and bank balances sent to a depositor
by a bank.
debit card - A bank card that automatically deducts the amount of a purchase from the
checking account of the cardholder.
cash short - A petty cash on hand amount that is less than the recorded amount.
voided check - A check that cannot be processed because the maker has made it invalid.
postdated check - A check with a future date on it
cash over - A petty cash on hand amount that is more than the recorded amount.
checking account - A bank account from which payments can be ordered by a depositor.
endorsement - A signature or stamp on the back of a check transferring ownership.
petty cash slip - A form showing proof of a petty cash payment
accounting clerk - An accounting worker who processes routine details about accounting
transactions.
deposit slip - A bank form which lists the checks, currency, and coins an account holder is
adding to a bank account
, special endorsement - An endorsement indicating a new owner of a check
blank endorsement - An endorsement consisting only of the endorser's signature
dishonored check - A check that a bank refuses to pay
petty cash - An amount of cash kept on hand and used for making small payments
canceled check - A check which has been paid by the bank
checking account - A bank account from which payments can be ordered by a depositor.
deposit slip - A bank form which lists the checks, currency, and coins an account holder is
adding to the bank account.
endorsement - A signature or stamp on the back of a check, transferring ownership
blank endorsement - An endorsement consisting only of the endorser's signature.
special endorsement - An endorsement indicating a new owner of a check.
restrictive endorsement - An endorsement restricting further transfer of a check's
ownership.
postdated check - A check with a future date on it.
voided check - A check that cannot be processed because the maker has made it invalid
