NAME: ________________________

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of 67 available terms

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5 Written Questions

5 Matching Questions

  1. Fiscal period
  2. restrictive endorsement
  3. electronic funds transfer
  4. Check
  5. Accounting system
  1. a a planned process for providing financial information that will be useful to management
  2. b An endorsement restricting further transfer of a check's ownership
  3. c a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents
  4. d A business form ordering a bank to pay cash from a bank account
  5. e length of time for which a business summarizes and reports financial information

5 Multiple Choice Questions

  1. Recording transactions in a journal
  2. A business form giving written acknowledgement for cash received.
  3. changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period
  4. a financial statement showing the revenue and expenses for a fiscal period
  5. an endorsement consisting only of the endorser's signature

5 True/False Questions

  1. petty cash slipAn amount of cash kept on hand and used for making small payments

          

  2. account numberThe number assigned to an account

          

  3. Double-entry Accountinga sale for which cash will be received at a later date

          

  4. Normal balanceThe side of the account that is increased

          

  5. dishonored checka check with a future date on it

          

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