CH. 5 Accounting
Terms in this set (...)
A bank account from which payments can be ordered by a depositor
a bank form which lists the checks, currency, and coins an account holder is adding to the bank account
A signature or stamp on the back of a check transferring ownership
An endorsement consisting only of the endorser's signature.
An endorsement indicating a new owner of a check
An endorsement restricting further transfer of a check's ownership
a check with a future date on it
A check that cannot be processed because the maker has made it invalid.
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank
a check paid by the bank, deducted from the depositor's account, and returned with the bank statement to the account holder
A check that a bank refuses to pay
Non-sufficient Funds Check
A check dishonored by the bank because of insufficient funds in the account of the maker of the check.
Electronic Funds Transfer
a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
A petty cash on hand amount that is less than a recorded amount
a petty cash on hand amount that is more than a recorded amount
Petty Cash Slip
A form showing proof of petty cash payment
an amount of cash kept on hand and used for making small payments
Ownership of a check can be transferred?
Source document for a debit card is a
When you replenish petty cash, petty cash is____________ and cash is credited.
Endorsement on the back of a check that says "Pay to the order of" and a new check owner's name is
end of the month
When is petty cash fund replenished?
Cash short and over is classified as a(n)
An endorsement on the back of a check indicating that the check is for a deposit to an account
This account is used when you journalize a service charge.
debit to Cash Short and Over
When Cash is short, the entry to replenish petty cash includes.
Petty Cash is a Debit and Cash is a Credit
What accounts and where do you put them when you open a petty cash fund?
Each time cash or checks are placed in a bank account, the customer prepares a
Journalizing a voided check is not required.
Petty Cash fund a ___________ with a normal ___________ balance
Accounting Chapter 5 Definitions
Chapter 5: Cash Control Systems
Aplia Accounting Chapter 5
Ch. 5 History
Ch. 10 Accounting
Ch. 9 Accounting
Ch 8 Accounting
Ch. 15 Accounting
Ch. 12 Accounting Payroll
Ch. 13 Accounting for Payroll and Payroll Taxes
Chapter 14 Accounting