Accounting - Ch. 11-1 Cash Controls & Banking Vocab

Accounting - Ch. 11-1 Cash Controls & Banking Vocab

Assessment

Flashcard

Business

10th - 12th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

Error in writing a check is marked:

Back

VOID

2.

FLASHCARD QUESTION

Front

Person who signs a check:

Back

Drawer

3.

FLASHCARD QUESTION

Front

Bank on which the check is written:

Back

Drawee

4.

FLASHCARD QUESTION

Front

A person or business to which a check is written

Back

Payee

5.

FLASHCARD QUESTION

Front

Type of endorsement that transfers check ownership to a specific person or business, but can be transferred again.

Back

Special Endorsement

6.

FLASHCARD QUESTION

Front

Type of endorsement that transfers check ownership to a specific owner and restricts handling after transfer.

Back

Restrictive Endorsement

7.

FLASHCARD QUESTION

Front

Type of endorsement with only depositor's signature or stamp; least secure.

Back

Blank Endorsement

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