13 terms

Accounting 1 Chapter 5

Code of Conduct
a statement that guides the ethical behavior of a company and its employees
Checking Account
A bank account from which payments can be ordered by a depositor
A signature or stamp on the back of a check transferring ownership
Blank endorsement
An endorsement consisting only of the endorser's signature
Special Endorsement
An endorsement indicating a new owner of a check
Restrictive Endorsement
An endorsement restricting further transfer of a check's ownership
Postdated check
a check with a future date on it
Bank Statement
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank
Dishonored check
a check that a bank refuses to pay
Electronic funds transfer
a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents
Debit Card
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
Petty Cash
An amount of cash kept on hand and used for making small payments
Petty Cash Slip
a form showing proof of a petty cash payment