Shared Flashcard Set

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Chapter 5
Cash Control Systems
13
Accounting
11th Grade
03/30/2011

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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 bak 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 of the endorser's signature
Term
Special Endorsement
Definition
an endorsement indicating a new owner of a check
Term
Restrictive Endorsement
Definition
an endorsement restricing 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 balancessent to a depositor by a bank.
Term
Dishonored Check
Definition
a check that a bank refuses to pay
Term
electronic Funds Transfer
Definition
a computerized cash payments system that transfers funds without the use of check, currency, or other paper documents.
Term
Debit Card
Definition
a bank card that automatically deducts the amount fo the purchase rom the checking account of the cardholder
Term
Petty Cash
Definition
an amount of cash kept on hand and used fro making small payments
Term
Petty Cash slip
Definition
a form showing proof of a petty cash payment
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