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Accounting Unit 3

Terms : Hide Images
189913688Automated teller machine (ATM) -electronic machine from which cash deposits and withdrawals can be made
189913689Bank reconciliation -bringing into agreement a bank statement with a party's cash account records
189913690Bank statement -a report of deposits, withdrawals, and bank balances sent to a depositor by a bank
189913691Blank endorsement -an endorsement that consists only of the endorser's signature on the back of a check
189913692Checking account -a bank account from which payments can be ordered by a depositor
189913693Debit card -a bank card that automatically deducts the amount of the purchase from the checking account of the cardholder
189913694Deposit slip -a form prepared for the placement of cash (coins, bills, checks) into a checking account
189913695Dishonored check -a check that a bank refuses to pay
189913696Electronic funds transfer (EFT) -the use of a computer and telecommunications network to
189913697Petty cash -a system established by a business that keeps a small amount of cash on hand for making small payments
189913698Restrictive endorsement -an endorsement found on the back of a check restricting further transfer of a check's ownership
189913699Special endorsement -an endorsement indicating a new owner of a check; also known as an endorsement in full

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