Accounting Chapter 5

Accounting Chapter 5

Assessment

Flashcard

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

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12 questions

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1.

FLASHCARD QUESTION

Front

The source document for an electronic funds transfer is a memorandum?

Back

True

2.

FLASHCARD QUESTION

Front

In order to control cash, one common method is to ensure that cash payments are paid by pre-numbered checks.

Back

True

3.

FLASHCARD QUESTION

Front

A blank account from which payments can be ordered by a depositor.

Back

Checking Account

4.

FLASHCARD QUESTION

Front

A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.

Back

Electronic Funds Transfer (EFT)

5.

FLASHCARD QUESTION

Front

A check with a future date on it.

Back

Postdated check

6.

FLASHCARD QUESTION

Front

An endorsement consisting only of the endorser's signature.

Back

Blank Endorsement

7.

FLASHCARD QUESTION

Front

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

Back

Bank Statement

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