Writing Checks & Deposit Slips
Flashcard
•
Mathematics
•
9th Grade
•
Practice Problem
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a check?
Back
A check is a written order directing a bank to pay a specific amount of money from a person's account to another person or entity.
2.
FLASHCARD QUESTION
Front
What information is typically found on a check?
Back
A check usually includes the check number, date, payee's name, amount in numbers and words, signature, and the bank's name.
3.
FLASHCARD QUESTION
Front
What is a deposit slip?
Back
A deposit slip is a form used to deposit money into a bank account, detailing the amount being deposited and the account number.
4.
FLASHCARD QUESTION
Front
What does 'withdrawal' mean in banking?
Back
A withdrawal is the act of taking money out of a bank account.
5.
FLASHCARD QUESTION
Front
What is the purpose of writing the amount in words on a check?
Back
Writing the amount in words helps to prevent fraud and ensures clarity in the payment amount.
6.
FLASHCARD QUESTION
Front
What does the term 'payee' refer to?
Back
The payee is the person or entity to whom the check is written and who will receive the payment.
7.
FLASHCARD QUESTION
Front
What is the significance of the check number?
Back
The check number helps to identify and track individual checks for record-keeping and to prevent duplication.
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