Details

Title: Accounting Chapter 5

Description: vocab

Total Flash Cards: 11

Created: 01/20/2009 11:42:49

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Additional Accounting Flashcards

Cards in this set:

Term

Endorsement

 Definition
A signature or stamp on the back of a check, transferring ownership.
Term
Blank Endorsement
 Definition
An endorsement consisting only of the owner's name.
Term
Special Endorsement
 Definition
An endorsement indicating a new owner of a check.
Term
Restrictive Endorsement
 Definition
An endorsement restricting further transfer of a check's ownership.
Term
Postdated Check
 Definition
A check with a future date on it.
Term
Bank Statement
 Definition
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.
Term
Dishonored Check
 Definition
A check that a bank refuses to pay.
Term
Electronic Trunds Transfer (EFT)
 Definition
A computerized cash payment system that transfer funds without the use of checks, currency, or other paper documents.
Term
Debit Card
 Definition
A bank card that automatically deducts that amount of a purchase from the checking account of the cardholder.
Term

Petty Cash

 Definition

An amount of cash kept on hand and used for making small payments.
Term
Petty Cash Slip
 Definition
A form showing proof of a petty cash payment.