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Study sets matching "chapter 5 acct hkust"

19 terms
Accounting Chapter 5
Checking Account
endorsment
special endorsment
restrictive endorsment
A blank account from which payments can be ordered by a depos…
A signature or stamp on the back of a check transferring owne…
An endorsment indicating a new owner of a check
An endorment restricting further transfer of a checks ownership
Checking Account
A blank account from which payments can be ordered by a depos…
endorsment
A signature or stamp on the back of a check transferring owne…
12 terms
Accounting Chapter 5
Bank Statement
Blank Endorsement
Checking Account
Debit Card
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A bank account from which payments can be ordered by a deposi…
A bank card that automatically deducts the amount of a purcha…
Bank Statement
A report of deposits, withdrawals, and bank balances sent to…
Blank Endorsement
An endorsement consisting only of the endorser's signature.
13 terms
Accounting Chapter 5 Terms
Code of Conduct
Checking Account
Endorsment
Blank Endorsment
A statement that guides the ethical behavior of a company and…
A bank account from which payments can be ordered by a deposi…
A signature or stamp on the back of a check transferring owne…
An endorsement consisting only of the endorsers signature
Code of Conduct
A statement that guides the ethical behavior of a company and…
Checking Account
A bank account from which payments can be ordered by a deposi…
17 terms
Accounting Chapter 5 Terms
Checking Account
Deposit Slip
Endorsement
Blank Endorsement
A bank account from which payments can be ordered by a deposi…
A bank form which lists the checks, currency, and coins an ac…
A signature or stamp on the back of a check transferring owne…
An endorsement consisting only of the endorser's signature
Checking Account
A bank account from which payments can be ordered by a deposi…
Deposit Slip
A bank form which lists the checks, currency, and coins an ac…
13 terms
Accounting Chapter 5
bank statement
bank endorsement
checking account
code of conduct
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A back account from which payments can be ordered by a deposi…
A statement that guides the ethical behavior of a company and…
bank statement
A report of deposits, withdrawals, and bank balances sent to…
bank endorsement
An endorsement consisting only of the endorser's signature.
19 terms
Accounting Chapter 5
Checking Account
endorsment
special endorsment
restrictive endorsment
A blank account from which payments can be ordered by a depos…
A signature or stamp on the back of a check transferring owne…
An endorsment indicating a new owner of a check
An endorment restricting further transfer of a checks ownership
Checking Account
A blank account from which payments can be ordered by a depos…
endorsment
A signature or stamp on the back of a check transferring owne…
13 terms
Accounting - Chapter 5 Vocabulary
bank statement
blank endorsement
checking account
code of conduct
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A bank account from which payments can be ordered by a deposi…
A statement that guides the ethical behavior of a company and…
bank statement
A report of deposits, withdrawals, and bank balances sent to…
blank endorsement
An endorsement consisting only of the endorser's signature.
14 terms
Accounting Chapter 5 Vocab
Petty Cash Slip
Petty Cash
Debit Card
Electronic Funds Transfer
A form showing proof of petty cash payment
An amount of cash kept on hand and used for making small paym…
A bank card that automatically deducts the amount of a purcha…
A computerized cash payments system that transfers funds with…
Petty Cash Slip
A form showing proof of petty cash payment
Petty Cash
An amount of cash kept on hand and used for making small paym…
75 terms
Financial Accounting Chapter 5
Accounts Receivables
Aging method
Allowance for uncollectible accounts
Allowance method
The amount of cash owed to the company by it's customers from…
Using a higher percentage for "old" accounts than for "new" a…
Contra asset account representing the amount of accounts rece…
Recording an adjustment at the end of each period to allow fo…
Accounts Receivables
The amount of cash owed to the company by it's customers from…
Aging method
Using a higher percentage for "old" accounts than for "new" a…
13 terms
Accounting Terms - Chapter 5
Bank Statement
Blank Endorsement
Checking Account
Code of Conduct
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A bank account from which payments can be ordered by a deposi…
A statement that guides the ethical behavior of a company and…
Bank Statement
A report of deposits, withdrawals, and bank balances sent to…
Blank Endorsement
An endorsement consisting only of the endorser's signature.
18 terms
Accounting Chapter 5 Vocab
Checking Account
Deposit Slip
Endorsement
Blank Endorsement
A bank account from which payments can be ordered by a deposi…
A bank form which lists the checks, currency, and coins an ac…
A signature or stamp on the back of a check.
An endorsement consisting only of the endorser's signature.
Checking Account
A bank account from which payments can be ordered by a deposi…
Deposit Slip
A bank form which lists the checks, currency, and coins an ac…
16 terms
Glencoe Accounting Chapter 5
Accounts used to collect information t…
Accounts that are continuous from one…
A revenue account is increased on the…
A revenue account is decreased on the…
temporary accounts
permanent accounts
Credit
Debit
Accounts used to collect information t…
temporary accounts
Accounts that are continuous from one…
permanent accounts
12 terms
Accounting Chapter 5
bank statement
blank endorsement
checking account
debit card
a report of deposits, withdrawals, and bank balances sent to…
and endorsement consisting only of the endorser's signature.
a bank account from which payments can be ordered by a deposi…
a bank card that, when making purchases, automatically deduct…
bank statement
a report of deposits, withdrawals, and bank balances sent to…
blank endorsement
and endorsement consisting only of the endorser's signature.
13 terms
Accounting Chapter 5
Debit Card
Checking account
Dishonored Check
Electronic Funds Transfer
A bank card that, when making purchases automatically deducts…
A bank account from which payments can be ordered by a deposi…
A check that a bank refuses to pay
A computerized cash payments system that transfers funds with…
Debit Card
A bank card that, when making purchases automatically deducts…
Checking account
A bank account from which payments can be ordered by a deposi…
20 terms
Accounting 1 Chapter 5
postdated check
voided check
bank statement
canceled check
a check with a future date on it
a check that cannot be processed because the maker has made i…
a report of deposits, withdrawals, and bank balances sent to…
a check which has been paid by the bank
postdated check
a check with a future date on it
voided check
a check that cannot be processed because the maker has made i…
18 terms
Accounting chapter 5
Bank statement
blank endorsement
canceled check
cash over
a report of deposits, withdrawals, and bank balances sent to…
an endorsement consisting only of the endorser's signature
a check which has been paid by the bank
a petty cash on hand amount that is more then a recorded amou…
Bank statement
a report of deposits, withdrawals, and bank balances sent to…
blank endorsement
an endorsement consisting only of the endorser's signature
15 terms
Accounting Chapter 5 Review
An __________________________ check is…
When petty cash is replenished, the ac…
Voided checks should/should not be rec…
The source document for an electronic…
outstanding
cash
should
memorandum
An __________________________ check is…
outstanding
When petty cash is replenished, the ac…
cash
13 terms
Accounting Chapter 5 Vocabulary
bank statement
blank endorsement
checking account
code of conduct
a report of deposits, withdrawals, and bank balances sent to…
an endorsement consisting only of the endorser's signature
a bank account from which payments can be ordered by a deposi…
a statement that guides the ethical behavior of a company and…
bank statement
a report of deposits, withdrawals, and bank balances sent to…
blank endorsement
an endorsement consisting only of the endorser's signature
13 terms
Accounting I - Chapter 5
bank statement
blank endorsement
checking account
code of conduct
a report of deposits, withdrawals, and bank balances sent to…
an endorsement consisting only of the endorser's signature
a bank account from which payments can be ordered by a deposi…
a statement that guides the ethical behavior of a company and…
bank statement
a report of deposits, withdrawals, and bank balances sent to…
blank endorsement
an endorsement consisting only of the endorser's signature
13 terms
Accounting Chapter 5
code of conduct
checking account
endorsement
blank endorsement
A statement that guides the ethical behavior of a company and…
A bank account from which payments can be ordered by a deposi…
A signature or stamp on the back of a check transferring owne…
An endorsement consisting only of the endorser's signature
code of conduct
A statement that guides the ethical behavior of a company and…
checking account
A bank account from which payments can be ordered by a deposi…
Accounting Chapter 5
Ledger
100's
200's
300's
A Group of Accounts
Assets
Liabilities
Owner's Equity
Ledger
A Group of Accounts
100's
Assets
15 terms
Accounting Chapter 5
Bank Statement
Blank Endorsement
Checking Account
Code of Conduct
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A bank account from which payments can be ordered by a deposi…
A statement that guides the ethical behavior of a company and…
Bank Statement
A report of deposits, withdrawals, and bank balances sent to…
Blank Endorsement
An endorsement consisting only of the endorser's signature.
13 terms
Accounting Terms Chapter 5
Bank statement
Blank endorsement
Checking account
Code of conduct
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A bank account from which payments may be ordered by a deposi…
A statement that guides the ethical behavior of a company and…
Bank statement
A report of deposits, withdrawals, and bank balances sent to…
Blank endorsement
An endorsement consisting only of the endorser's signature.
40 terms
Accounting Chapter 5
savings
checking
interest
deposit slip
Put money in account. Bank pays you interest.
Money in an account. Your order the bank to pay your money on…
Money paid to someone for use of borrowing money.
Form used to put money into a bank account.
savings
Put money in account. Bank pays you interest.
checking
Money in an account. Your order the bank to pay your money on…
15 terms
Accounting Chapter 5
Checking Account
code of conduct
endorsment
blank endorsement
A blank account from which payments can be ordered by a depos…
a statement that guides the ethical behavior of a company and…
A signature or stamp on the back of a check transferring owne…
an endorsement consisting only of the endorser's signature
Checking Account
A blank account from which payments can be ordered by a depos…
code of conduct
a statement that guides the ethical behavior of a company and…
13 terms
Accounting I - Chapter 5
code of conduct
checking account
endorsement
blank endorsement
A statement that guides the ethical behavior of a company and…
A bank account from which payments can be ordered by a deposi…
A signature or stamp on the back of a check transferring owne…
An endorsement consisting only of the endorser's signature.
code of conduct
A statement that guides the ethical behavior of a company and…
checking account
A bank account from which payments can be ordered by a deposi…
8 terms
Accounting Chapter 5
Code of Conduct
Checking Account
Endorsement
Postdated Check
A statement that guides the ethical behavior of a company and…
A bank account from which a payments can be ordered by a depo…
A signature or stamp on the back of a check transferring owne…
A check with a future date
Code of Conduct
A statement that guides the ethical behavior of a company and…
Checking Account
A bank account from which a payments can be ordered by a depo…
21 terms
Accounting Chapter 5 Vocabulary
Accounting clerk
Bank statement
Blank endorsement
Canceled check
An accounting worker who processes routine details about acco…
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A check which has been paid by the bank.
Accounting clerk
An accounting worker who processes routine details about acco…
Bank statement
A report of deposits, withdrawals, and bank balances sent to…
21 terms
Accounting: Chapter 5
Checking Account
Deposit Slip
Endorsement
Blank Endorsement
Bank account from which payments can be ordered by a depositor
A bank form which lists the checks, currency, and coins an ac…
A signature or stamp on the back of a check transferring owne…
An endorsement consisting only of the endorser's signature... 1…
Checking Account
Bank account from which payments can be ordered by a depositor
Deposit Slip
A bank form which lists the checks, currency, and coins an ac…
18 terms
Chapter 5 Accounting Vocab
checking account
deposit slip
endorsement
blank endorsement
a bank account from which payment can be ordered by a depositor
a bank form which lists the checks, currency, and coins an ac…
a signature or stamp on the back of a check transferring owne…
an endorsement consisting only of the endorser's signature
checking account
a bank account from which payment can be ordered by a depositor
deposit slip
a bank form which lists the checks, currency, and coins an ac…
11 terms
Accounting Chapter 5
Checking Account
endorsment
special endorsment
restrictive endorsment
A blank account from which payments can be ordered by a depos…
A signature or stamp on the back of a check transferring owne…
An endorsment indicating a new owner of a check
An endorment restricting further transfer of a checks ownership
Checking Account
A blank account from which payments can be ordered by a depos…
endorsment
A signature or stamp on the back of a check transferring owne…
16 terms
Accounting I: Chapter 5
Bank Statement
Blank Endorsement
Checking Account
Code of Conduct
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature
A bank account from which payments can be ordered by a deposi…
A statement that guides the ethical behavior of a company and…
Bank Statement
A report of deposits, withdrawals, and bank balances sent to…
Blank Endorsement
An endorsement consisting only of the endorser's signature
13 terms
Chapter 5 Accounting Vocabulary
bank statement
blank endorsement
checking account
code of conduct
A report of deposits, withdrawals, and bank balances set to t…
An endorsement consisting of only the endorser's signature
A bank account from which payments can be ordered by depositors
A statement that guides the ethical behavior of a company and…
bank statement
A report of deposits, withdrawals, and bank balances set to t…
blank endorsement
An endorsement consisting of only the endorser's signature
16 terms
Accounting Chapter 5 Transactions
Received notice from bank of a dishono…
Paid cash to establish a petty cash fund
Paid cash on account to Delite Drums u…
Paid cash to replenish the petty cash…
A/R--Smith Group debit; Cash credit
Petty Cash debit; Cash credit
A/P Delite Drums debit; Cash credit
Supplies debit; Postage Expense debit; cash credit
Received notice from bank of a dishono…
A/R--Smith Group debit; Cash credit
Paid cash to establish a petty cash fund
Petty Cash debit; Cash credit
13 terms
Accounting Chapter 5
Bank Statement
Blank Endorsement
Checking Account
Code of Conduct
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A bank account from which payments can be ordered by a deposi…
A statement that guides the ethical behavior of a company and…
Bank Statement
A report of deposits, withdrawals, and bank balances sent to…
Blank Endorsement
An endorsement consisting only of the endorser's signature.
Financial Accounting Chapter 5
Merchandiser
Merchandise is called
Wholesaler
retailer
a business that sells merchandize or goods to a customer
Merchandise Inventory, Asset, Normal bal: debit
merchandiser that buys goods from manufacturures and sels the…
merchandiser that buys merchandise from manufactrures and sel…
Merchandiser
a business that sells merchandize or goods to a customer
Merchandise is called
Merchandise Inventory, Asset, Normal bal: debit
21 terms
Accounting: Chapter 5
bank statement
blank endorsement
checking account
code of conduct
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature
a bank account from which payments can be ordered by a deposi…
a statement that guides the ethical behavior of a company and…
bank statement
A report of deposits, withdrawals, and bank balances sent to…
blank endorsement
An endorsement consisting only of the endorser's signature
13 terms
Accounting Chapter 5
Code of conduct
Checking account
Endorsement
Blank endorsment
A statement that guides the ethical behavior of a company and…
A bank account from which payments can be ordered by a deposi…
A signature or stamp on the back of a check transferring owne…
An endorsement consisting only of the endorser's signature
Code of conduct
A statement that guides the ethical behavior of a company and…
Checking account
A bank account from which payments can be ordered by a deposi…
13 terms
Accounting Chapter 5 Review
Bank Statement
Blank Endorsement
Checking Account
Code of Conduct
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A bank account from which payments can be ordered by a deposi…
A statement that guides the ethical behavior of a company and…
Bank Statement
A report of deposits, withdrawals, and bank balances sent to…
Blank Endorsement
An endorsement consisting only of the endorser's signature.
15 terms
Accounting Chapter 5 Review
An __________________________ check is…
When petty cash is replenished, the ac…
Voided checks should/should not be rec…
The source document for an electronic…
outstanding
cash
should
memorandum
An __________________________ check is…
outstanding
When petty cash is replenished, the ac…
cash
14 terms
Chapter 5 Accounting
Checking account
Deposit slip
Endorsement
Blank endorsement
A bank account from which payments can be ordered by a deposi…
A bank form which lists the checks, current balance, an accou…
A signature or stamp on the back of a check transferring owne…
An endorsement consisting only of the endorser's signature
Checking account
A bank account from which payments can be ordered by a deposi…
Deposit slip
A bank form which lists the checks, current balance, an accou…
19 terms
Accounting 1 Chapter 5
accounting clerk
bank statement
blank endorsement
canceled check
An accounting worker who processes routine details about acco…
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A check which has been paid by the bank.
accounting clerk
An accounting worker who processes routine details about acco…
bank statement
A report of deposits, withdrawals, and bank balances sent to…
13 terms
Accounting I - Chapter 5
code of conduct
checking account
endorsement
blank endorsement
a statement that guides the ethical behavior of a company and…
a bank account from which payments can be ordered by a deposi…
a signature or stamp on the back of a check tranferring owner…
an endorsement consisting only of the endorser's signature
code of conduct
a statement that guides the ethical behavior of a company and…
checking account
a bank account from which payments can be ordered by a deposi…
16 terms
12e Financial Accounting - Chapter 5 - Accounting Systems
accounting system
accounts payable subsidiary ledger
accounts receivable subsidiary ledger
cash payments journal
The methods and procedures used by a business to collect, cla…
The subsidiary ledger containing the individual accounts with…
The subsidiary ledger containing the individual accounts with…
The special journal in which all cash payments are recorded.
accounting system
The methods and procedures used by a business to collect, cla…
accounts payable subsidiary ledger
The subsidiary ledger containing the individual accounts with…
19 terms
Accounting Chapter 5
Accounting clerk
Bank statement
Blank endorsement
Canceled check
An accounting worker who processes routine details about acco…
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A check which has been paid by the bank.
Accounting clerk
An accounting worker who processes routine details about acco…
Bank statement
A report of deposits, withdrawals, and bank balances sent to…
18 terms
Accounting Chapter 5 Terms
Checking Account
Deposit Slip
Endorsement
Blank Endorsement
A bank account from which payments can be ordered by a deposi…
A bank form which lists the checks, currency, and coins an ac…
A signature or stamp on the back of a check transferring owne…
An endorsement consisting only of the endorser's signature
Checking Account
A bank account from which payments can be ordered by a deposi…
Deposit Slip
A bank form which lists the checks, currency, and coins an ac…
10 terms
chapter 5 accounting
bank statement
blank endorsement
checking account
debit card
A report of deposits, withdrawals, and bank balances sent to…
An endorsement consisting only of the endorser's signature.
A bank account from which payments can be ordered by a deposi…
A bank card that automatically deducts the amount of a purcha…
bank statement
A report of deposits, withdrawals, and bank balances sent to…
blank endorsement
An endorsement consisting only of the endorser's signature.
20 terms
Principles of Accounting Chapter 5
Cost of goods sold
FOB destination (ledger statement and…
FOB shipping point (ledger statement a…
Gross profit
The total cost of merchandise sold during the period.
Freight cost which is at the sellers expense. Paid for by sel…
Freight cost which is at the buyer expense. Paid for by buyer…
Excess of sales revenue minus cost of goods sold.
Cost of goods sold
The total cost of merchandise sold during the period.
FOB destination (ledger statement and…
Freight cost which is at the sellers expense. Paid for by sel…
13 terms
Intro to Accounting- Chapter 5
Restictive Endorsement
Chekcing Account
Dishonored Check
Petty Cash
An endorsement restricting further transfer of a check's owne…
A bank account form which payments can be ordered by a deposi…
A check that a bank refuses to pay
An amount of cash kept on hand and used for making small paym…
Restictive Endorsement
An endorsement restricting further transfer of a check's owne…
Chekcing Account
A bank account form which payments can be ordered by a deposi…
13 terms
Accounting Chapter 5 Key Terms
bank statement
blank endorsement
checking account
code of conduct
a report of deposits, withdrawals, and bank balances sent to…
an endorsement consisting only of the endorser's signature
a bank account from which payments can be ordered by a deposi…
a statement that guides the ethical behavior of a company and…
bank statement
a report of deposits, withdrawals, and bank balances sent to…
blank endorsement
an endorsement consisting only of the endorser's signature
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