Accounting Chapter 11

A check should be written before the check stub is filled out.

• True

• False

The ending balance on the bank statement seldom agrees with the balance in the checkbook.

• True

• False

A stop payment order and voiding the check mean the same thing.

• True

• False

Check written in pencil are acceptable.

• True

• False

Prompt reconciliation of the bank statement is a good way to guard against disorderly cash records or cash loss.

• True

• False

The person who signs the checks?

• drawer

• drawee

• ATM

• date

A check returned to the depositor by the bank because there is not enough funds in the account?

• check

• NSF check

• drawer

• drawee

A person can use the Internet to conduct business transactions such bill pay or transfer money?

• online banking

• endorsement

• bank card

• debit card

Process of determining any differences between the bank statement and journal?

• outstanding deposit

• restrictive endorsement

• reconciling the bank statement

• canceled check

Deposits that have been made and recorded in the checkbook but do not appear on the bank statement?

• outstanding deposits

• what is the memo

• reconciling the bank statement

• outstanding checks