Chapyer 5.2

Chapyer 5.2

Assessment

Flashcard

English

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is a debit card recorded as on a check stub?

Back

"other" on the check stub to keep the checkbook balanced.

2.

FLASHCARD QUESTION

Front

What is a debit card?

Back

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.

3.

FLASHCARD QUESTION

Front

What is a dishonored check?

Back

A check that a bank refuses to pay.

4.

FLASHCARD QUESTION

Front

What is petty cash?

Back

A small amount of physical cash kept by a business to pay for minor, everyday expenses like office supplies, postage, or small deliveries.

5.

FLASHCARD QUESTION

Front

What can flowcharting help with?

Back

Understand the bank reconciliation process more.

6.

FLASHCARD QUESTION

Front

What is the purpose of a check stub?

Back

To keep track of transactions and maintain a balanced checkbook.

7.

FLASHCARD QUESTION

Front

What does it mean to reconcile a bank statement?

Back

To compare the bank statement with the checkbook to ensure they match.

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