Shared Flashcard Set

Details

Chapter 5
Cash Controls Systems
13
Accounting
12th Grade
01/04/2013

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Cards

Term
Code of conduct
Definition
a statement that guides the ethical behavior of a company and its employees
Term
Checking account
Definition
a bank account from which payments can be ordered by a depositor
Term
Endorsement
Definition
a signature or stamp on the back of a check transferring ownership
Term
Blank endorsement
Definition
an endorsement consisting only on the endorser's signature
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 assets, liabilities, and owner's equity on a specific date
Term
Dishonored check
Definition
a check that a bank refuses to pay
Term
Electronic funds transfer
Definition
a computerized cash payments systems that transfers funds without the use of checks, currency, or other paper documents
Term
Debit card
Definition
a bank card that automatically deducts the amount of the 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
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