accounting 5 Flashcards
a check that a bank refuses to pay is called
dishonored check
a check dishonored by the bank because of insufficient funds in the account of the maker of the check
non sufficient funds check
a non sufficient funds check is also known as
NSF check
a compteriez cash payment system that transfer funds without the use of checks, currency, or other paper documents
electronic funds transfer (EFT)
a bank card that automatically deducts the amount if a purchase from the checking account of the cardholder
debit card
an amount of cash kept on hand and used for making small payments (has normal debit balance)
petty cash
a form showing proof of a petty cash payments
petty cash slip
a petty cash on hand amount that is less than the recorded amount
cash short
a petty cash on hand amount that is more than the recorded amount
cash over
replenishing petty cash
account title– cash short and over (debited when short, credited when over)
a business form ordering a bank to pay cash from a bank account
check
a bank account from which payments can be ordered by depositors
checking account
a bank form that list the checks, currency, and coins an account holder is adding to the bank account
deposit slip
a signature or stamp on the back on the back of a check transferring ownership
endorsment
an endorsement consisting only of the endorsers signature
blank endorsement
