Accounting 1

Front

What is a petty cash slip?

Back

A form showing proof of a petty cash payment.

Front

What does 'cash short' mean?

Back

A petty cash on hand amount that is less than a recorded amount.

Front

What is a deposit slip?

Back

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

Front

What is a blank endorsement?

Back

An endorsement consisting only of the endorser’s signature.

Front

What is a checking account?

Back

A bank account from which payment can be ordered by a depositor.

Front

What is a cash over situation?

Back

A petty cash on hand amount that is more than a recorded amount.

Front

What is a special endorsement?

Back

An endorsement that specifies the person to whom the check is payable.

Front

What is a restrictive endorsement?

Back

An endorsement that limits the use of the check to a specific purpose.

Front

What is an NSF check?

Back

A check that cannot be processed because the account holder has insufficient funds.

Front

What is a postdated check?

Back

A check written with a future date, not valid until that date.