ACCOUNTING SEMESTER 1 FINAL - CH 1-6

Front

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

Back

checking account.

Front

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

Back

deposit slip.

Front

A signature or stamp on the back of a check transferring ownership:

Back

endorsement.

Front

An endorsement consisting only of the endorser's signature:

Back

blank endorsement.

Front

An endorsement indicating a new owner of a check:

Back

special endorsement.

Front

An account's __________ is always on the increase side of an account.

Back

normal balance

Front

The _________ is an "official" list of all the accounts used by a business to record its transactions.

Back

chart of accounts

Front

The difference between the debit and credit amounts in an account is the account balance.

Back

True

Front

A decrease in an asset account is recorded as a ________.

Back

Credit

Front

The normal balance for the owner's capital account is a _____________.

Back

Credit