Shared Flashcard Set

Details

Accounting Chapter 5
vocab
11
Accounting
9th Grade
01/20/2009

Additional Accounting Flashcards

 


 

Cards

Term

Endorsement

Definition
A signature or stamp on the back of a check, transferring ownership.
Term
Blank Endorsement
Definition
An endorsement consisting only of the owner's name.
Term
Special Endorsement
Definition
An endorsement indicating a new owner of a check.
Term
Restrictive Endorsement
Definition
An endorsement restricting further transfer of a check's ownership.
Term
Postdated Check
Definition
A check with a future date on it.
Term
Bank Statement
Definition
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.
Term
Dishonored Check
Definition
A check that a bank refuses to pay.
Term
Electronic Trunds Transfer (EFT)
Definition
A computerized cash payment system that transfer funds without the use of checks, currency, or other paper documents.
Term
Debit Card
Definition
A bank card that automatically deducts that amount of a purchase from the checking account of the cardholder.
Term

Petty Cash

Definition

An amount of cash kept on hand and used for making small payments.

Term
Petty Cash Slip
Definition
A form showing proof of a petty cash payment.
Supporting users have an ad free experience!