Accounting Chapter 5

Accounting Chapter 5

Assessment

Flashcard

Business

11th - 12th Grade

Practice Problem

Easy

Created by

Susan Barnhart

Used 1+ times

FREE Resource

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32 questions

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1.

FLASHCARD QUESTION

Front

An endorsement restricting further transfer of a check's ownership:

Back

Restrictive endorsement

2.

FLASHCARD QUESTION

Front

A bank account from which payments can be ordered by a depositor:

Back

Checking account

3.

FLASHCARD QUESTION

Front

A check that a bank refuses to pay:

Back

Dishonered check

4.

FLASHCARD QUESTION

Front

An amount of cash kept on hand and used for making small payments:

Back

Petty cash

5.

FLASHCARD QUESTION

Front

An endorsement consisting only of the endorser's signature.

Back

Blank endorsement

6.

FLASHCARD QUESTION

Front

A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.

Back

Bank statement

7.

FLASHCARD QUESTION

Front

A bank card that, when making purchases, automatically deducts the amount of the purchase from the checking account of the cardholder.

Back

Debit card

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