Accounting Chapter 5

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

• Invoice

• Balance Sheet

• Checking Account

• Bank Statement

An endorsement consisting of only the endorser's signature.

• Blank Endorsement

• Special Endorsement

• Restrictive Endorsement

• Regular Endorsement

An endorsement indicating a new owner of a check.

• Blank Endorsement

• Special Endorsement

• Restrictive Endorsement

• Regular Endorsement

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

• Blank Endorsement

• Special Endorsement

• Restrictive Endorsement

• Regular Endorsement

A check that contains errors must be marked with the word VOID so that others will know that it is not to be used.

• True

• False

The source document for a debit card purchase is a memorandum.

• True

• False

The source document for an electronic funds transfer is a memorandum.

• True

• False

A form showing proof of a petty cash payment is a

• Memorandum

• Petty Cash Slip

• Invoice

• Receipt

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

• Ethics

• Mission Statment

• Code of Conduct

• Vision Statement

Which account should be debited? "Paid cash on account to Suburban Office Supplies using EFT"

• Supplies

• Cash

• Accounts Payable

• Accounts Receivable