Accts 10/Ch. 5

What is NOT an issue related to the use of Cash in Business?

• Chance of recording errors

• Ease of transfer without any question about ownership

• Loss as cash is moved from one place to another

• Every cash movement is overseen by the Federal Monetary Supervisor.

What is a Checking Account?

• A collection of canceled Check

• A collection of Check issues by the company

• A business form ordering a bank to pay cash from a bank account

• A business portfolio with all the check received for payment

What is a deposit slip?

• A bank form which lists the checks, currency, and coins an account holder is adding to the bank account

• An account used to order the bank to pay the amount written in the check.

• A collection of credit sided account

• An piece of paper that register the transaction of Cash

What is a Blank endorsement?

• An endorsement consisting only of the endorser's signature

• An endorsement indicating a new owner of a check

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

• An endorsement presenting a collection of data about the business operation

What is a Restrictive Endorsement?

• An endorsement consisting only of the endorser's signature

• An endorsement indicating a new owner of a check

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

• An endorsement presenting a collection of data about the business operation

What is a Special Endorsement?

• An endorsement consisting only of the endorser's signature

• An endorsement indicating a new owner of a check

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

• An endorsement presenting a collection of data about the business operation

What is this called?

• Bank Credit Card Score

• Bank Debit Card Score

• Bank Statement

• Bank Reconciliation

How it is called a check which has been paid by the bank?

• Canceled Check

• Insufficient Fund Check

• Dishonored Check

• Flaw Check

How is recorded the Bank Service Charge in General Journal, the account Title?

• Interest Expense

• Miscellaneous Expense

• Miscellaneous Credits

• Car Repair Expense

What is a Bank Reconciliation?

• When you ask the Bank to pardon a mistake you made

• When you ask for a loan from a bank and you paid off the debts

• When you evade the Bank loan's payment

• Verifying a bank statement's balance with the entity's accounting records