Ch 5 Accounting Test Study

An endorsement restricting further transfer of a check's ownership is called...

• special 
• restrictive
• blank
• code of conduct

A check that the bank refuses to pay is called...

• electronic funds transfer
• postdated check
• dishonored check
• debit card

A report of deposits, withdrawals, and bank balances sent to a depositor by a bank

• checking account
• code of conduct
• petty cash slip
• bank statement

A statement that guides the ethical behavior of a company and its employees

• code of conduct
• bank statement
• endorsement
• dishonored check

A computerized cash payments system that transfers funds without the use of checks, currency, or tother paper documents

• debit card
• checking account
• electronic funds transfer
• postdated check

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

• special endorsement
• endorsement
• restrictive endorsement
• blank endorsement

An endorsement consisting only of the endorser's signature.

• blank
• special
• restrictive
• endorsement

Ownership of a check cannot be transferred

• True
• False

Voided checks should be recorded in the journal

• True
• False

Using a memorandum as the source document for a dishonored check is an application of the accounting concept Objective Evidence

• True
• False