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Accounting, Chap. 5
Chapter 5 Terms
Question | Answer |
---|---|
Endorsement | A signature or stamp on the back of a check transferring ownership. |
Blank Endorsement | An endorsement consisting only of the endorser's signature. |
Special Endorsement | An endorsement indicating a new owner of a check. |
Restrictive Endorsement | An endorsement restricting further transfer of a check's ownership. |
Postdated Check | A check with a future date. |
Code of Conduct | A statement that guides the ethical behavior of a company and its employees. |
Bank Statement | A report of deposits, withdrawals, and bank balances sent to a depositor by a bank. |
Dishonored Check | A check that a bank refuses to pay. |
Electronic Funds Transfer | A computerized cash payment 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 a purchase from the checking account of the cardholder. |
Petty Cash | An amount of cash kept on hand and used for making small payments. |
Petty Cash Slip | A form showing proof of a petty cash payment. |