Shared Flashcard Set

Details

Chapter 5
Cash Control Systems
13
Accounting
12th Grade
09/14/2011

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Cards

Term
code of conduct
Definition
A statement that guides the ethical behavior of a company and its employees.
Term
checking account
Definition
A bank account from which payments can be ordered by a depositor.
Term
endorsement
Definition
A signature or stamp on the back of a check transferring ownership.
Term
blank endorsement
Definition
An endorsement consisting only of he endorser's signature.
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.
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 funds transfer (EFT)
Definition
A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
Term
debit card
Definition
A bank card that automatically deducts the amount of the 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.
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