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AccountingChapter5
Ms. Boyd's accounting vocab
Term | Definition |
---|---|
Code of Conduct | A statement that guides the ethical behavior of a company and its employees. (pg.118) |
Checking Account | A bank account from which payments can be ordered by a depositor. (pg.119) |
Endorsement | A signature or stamp on the back of a check transferring ownership (pg.120) |
Blank Endorsement | An endorsement consisting only of the endorser's signature (pg.120) |
Special Endorsement | An endorsement indication a new owner of a check (pg.120) |
Restrictive Endorsement | An endorsement restricting further transfer of a check's ownership(pg.120) |
Postdated Check | A check with a future date on it(pg.121) |
Bank Statement | A report of deposits, withdrawals, and bank balances sent to a depositor by a bank. (pg. 124) |
Dishonored Check | A check that a bank refuses to pay. (pg.129) |
Electronic Funds Transfer | A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents. |
Debit Card | A bank card that automatically deducts the amount of purchase from the checking account of the cardholder. (pg.132) |
Petty Cash | An amount of cash kept on hand and used for making small payments. (pg.134) |
Petty Cash Slip | A form showing proof of a petty cash payment. (pg.135) |