Accounting - Ch. 11-1 Cash Controls & Banking Vocab

If an error is made while writing a check, the check is marked:

• VOID

• ERROR

• UH OH

• DRAW

The person who signs a check is the:

• Depositor

• Payee

• Drawer

• Drawee

The bank on which the check is written is the:

• Drawer

• Drawee

• Payee

• Depositor

A person or business to which a check is written

• Drawer

• Drawee

• Depositor

• Payee

This type of endorsement transfers ownership of a check to a specific individual or business, but it can still be transferred further.

• Blank Endorsement

• Restrictive Endorsement

• Special Endorsement

• Voided Endorsement

This type of endorsement transfers ownership of a check to a specific owner and then limits, or restricts, how a check may be handled even after ownership is transferred.

• Blank Endorsement

• Restrictive Endorsement

• Special Endorsement

• Strict Endorsement

This type of endorsement includes only the signature or stamp of the depositor. It is the least secure endorsement.

• Blank Endorsement

• Restrictive Endorsement

• Special Endorsement

• Banking Endorsement

A(n) is an authorized signature written or stamped on the back of a check that transfers ownership of the check.

• Deposit Slip

• Outstanding Check

• Signature Card

• Endorsement

A(n) ____ contains the signature(s) of the person(s) authorized to write checks on the account.

• Signature Card

• Restrictive Endorsement

• Deposit Slip

• Check Stub

A bank form that lists the cask and checks to be deposited into an account.

• Restrictive Endorsement

• Bank Statement

• Signature Card

• Deposit Slip