Chapter 5 Cash control

In accounting, money is referred to as

• cash

• checks

• accounts receivable

• anything of value

A business form ordering a bank to pay cash from a bank account is known as a(n)

• format

• cash transfer

• check

• promissory note

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

• statement
• checking account
• saving's account
• depositor's account

An endorsement on the back of a check indicating that the check is to be accepted for deposit only is a

• blank endorsement

• special endorsement

• restrictive endorsement

• deposit endorsement

A bank form which lists checks, currency and coin an account holder wishes to add to an account is a

• check stub

• deposit slip

• bank statement

• petty cash reconciliation

An endorsement indicating a new owner of a check.

• checking account

• restrictive endorsement

• blank endorsement

• special endorsement

An endorsement consisting only of the endorser's signature.

• signature endorsement

• blank endorsement

• dishonored check

• restrictive endoresement

When a bank receives a check for payment it compares the amount written in numerials and written out in words?

• True

• False

A check stub is used to

• record information about the check being written, any deposits, or any other fees withdrawn from the checking account

• to re write the information from the check

• keep a running balance of the checking account

• none of the above

When a business opens a checking account the owner will fill out___

• a signature card and a deposit slip

• a check

• a withdrawal slip

• a receipt