6215210935 | Financial Institution | is a company engaged in the business of dealing with money transactions, such as deposits, loans, investments, and currency exchange. | 0 | |
6215282884 | Check | Written order to a bank to pay a stated amount | 1 | |
6215294334 | Deposit | Money added to a checking or savings acocunt | 2 | |
6215312676 | Common Bank Accounts | Checking accounts, Savings accounts, certificate deposits, money market accounts | 3 | |
6215333736 | Four Types of Financial Institutions | Commercial Banks, Saving and loan associations | 4 | |
6215358152 | Checking Account | Demand Deposit | 5 | |
6215362596 | 7 Column Headings | Transaction Type, Date, Description, Debit, Credit, Check Mark, Balance | 6 | |
6215370241 | Steps to Recording your Transactions | Insert check No. or transaction code, write date of transaction, write descriptions of transactions, put money amount in either payment or debit column, calculate new balance | 7 | |
6215387132 | Steps to Reconciling a Bank Statement | Write ending balance shown on bank statement, from your checkbook register and total any deposits you made that do not appear on a bank statement, add outstanding deposits, total deposit transactions, list all debit transactions, subtract total debits from previous total | 8 | |
6215418073 | Four types of financial instituitons | Commercial Banks, Saving and Loan Associations, Credit Unions, Brokerage Firms | 9 |
Managing Money/Banking Guided Notes Flashcards
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