A1: Chapter 5 Review

Front

A bank form which lists the checks, currency, and coins an account holder is adding to the bank account

Back

deposit slip

Front

an endorsement limiting further transfer of a check's ownership

Back

restrictive

Front

a check that has been paid by the bank

Back

canceled check

Front

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

Back

petty cash

Front

Which account is debited to establish the petty cash account?

Back

petty cash

Front

A petty cash on hand amount that is less than a recorded amount

Back

cash short

Front

paid cash to replenish a petty cash fund that was used for miscellaneous expense debits what account?

Back

miscellaneous expense

Front

When the petty cash fund is replenished, the balance of the petty cash account increases.

Back

FALSE

Front

An outstanding check is one that has

Back

not yet been cashed

Front

Which of the following would be an appropriate use of Petty Cash?
withdrawal by the owner,
purchase of stamps,
pay off a loan,
cash for an employee's birthday card

Back

purchase of stamps