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Accounting Chapter 5 - Cash Control Systems

Authored by D. Franz

Business

12th Grade

Used 6+ times

Accounting Chapter 5 - Cash Control Systems
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34 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Using this type of card automatically deducts the cost of purchase from the checking account

debit card

credit card

atm card

eft card

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank account from which payments can be ordered by a depositor

bank account

savings account

checking account

credit account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A check the bank refuses to pay

outstanding check

dishonored check

cancelled check

voided check

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A computerized cash payment system that transfers funds without the use of checks or currency

electronic funds transfer

float

atm

deposit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An endorsement restricting further transfer of a check's ownership

special endorsement

blank endorsement

ordinary endorsement

restrictive endorsement

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A check with a future date on it

predated check

post-dated check

special dated check

dated check

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An amount of cash kept on hand for making small purchases

pretty cash

small cash

cash drawer

petty cash

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