Accounting chapter 5

checking account

A bank account from which payments can be ordered by a depositor. (p. 123)

deposit slip

A bank form which lists the checks, currency, and coins an account holder is adding to the bank account. (p. 123)

endorsement

A signature or stamp on the back of a check, transferring ownership. (p. 124)

blank endorsement

An endorsement consisting only of the endorser's signature. (p. 124)

special endorsement

An endorsement indicating a new owner of a check. (p. 124)

restrictive endorsement

An endorsement restricting further transfer of a check's ownership. (p. 125)

postdated check

A check with a future date on it. (p. 126)

voided check

A check that cannot be processed because the maker has made it invalid. (p. 127)

bank statement

A report of deposits, withdrawals, and bank balances sent to a depositor by a bank. (p. 129)

canceled check

A check which has been paid by the bank. (p. 129)

dishonored check

. A check that a bank refuses to pay. (p. 135)

NSF check

. A check dishonored by the bank because of insufficient funds in the account of the maker of the check. (p. 135)

electronic funds transfer

A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents. (p. 137)

debit card

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder. (p. 138)

petty cash

An amount of cash kept on hand and used for making small payments. (p. 140)

petty cash slip

A form showing proof of a petty cash payment. (p. 141)

cash short

A petty cash on hand amount that is less than a recorded amount. (p. 143)

cash over

A petty cash on hand amount that is more than a recorded amount. (p. 143)