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WorksheetsAccounting Chapter 5 Review
Total questions: 32
Worksheet time: 16mins
A check that a bank refused to pay.
non-sufficient funds check
dishonored check
A check with a future date on it.
posted dated check
canceled check
voided check
A form showing proof of a petty cash payment.
petty cash slip
petty cash
deposit slip
A bank account from which payments can be ordered by a depositor.
checking account
petty cash account
An endorsement consisting only of the endorser’s signature.
blank endorsement
special endorsement
restrictive endorsement
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.
debit card
credit card
A petty cash on hand amount that is more than a recorded amount.
cash over
cash short
A signature or stamp on the back of a check, transferring ownership.
endorsement
blank endorsement
special endorsement
restrictive endorsement
A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
electronic funds transefer
debit card
check
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.
bank statement
reconciliation
canceled check
An amount of cash kept on hand and used for making small payments.
petty cash
cash
checks
A bank form listing the checks, currency, and coins that an account holder is adding to the bank account.
deposit slip
petty cash slip
check
An endorsement restricting further transfer of a check’s ownership.
blank endorsement
special endorsement
restrictive endorsement
A petty cash on hand amount that is less than a recorded amount.
cash short
cash over
A check that has been paid by the bank.
canceled check
dishonored check
voided check
A check that cannot be processed because the maker has made it invalid.
canceled check
dishonored check
voided check
A check dishonored by the bank because of insufficient funds in the account of the maker of the check.
non sufficient funds check
voided check
canceled check
An endorsement indicating a new owner of a check.
blank endorsement
special endorsement
restrictive endorsement
An outstanding check is one that has been issued but not yet reported on a bank statement.
true
false
When petty cash is replenished, Petty Cash is debited and Cash is credited.
true
false
Voided checks should be recorded in the journal.
true
false
The source document for an electronic funds transfer is a memorandum.
true
false
If any kind of error is made in preparing a check,
VOID should be written on the check.
VOID should be written on the check stub.
a new check should be prepared.
all of the above
When cash is short, the entry to replenish petty cash includes a
debit to Cash Short and Over.
credit to Cash Short and Over.
debit to Petty Cash.
credit to Miscellaneous Expense.
Cash Short and Over is classified as a(n)
asset
liability
expense
equity
Each time cash or checks are placed in a bank account, the customer prepares a
signature card
deposit slip
check
none of these
The entry to establish a $200.00 petty cash fund is
debit Petty Cash, $200.00; credit Miscellaneous Expense, $200.00.
debit Cash, $200.00; credit Petty Cash, $200.00.
debit Miscellaneous Expense, $200.00; credit Cash, $200.00.
debit Petty Cash, $200.00; credit Cash, $200.00.
A lost check with a blank endorsement on it can be cashed by
anyone who has the check.
only the person whose name follows the words “Pay to the order of.”
only the person who endorsed the check.
no one
A petty cash fund is always replenished
daily
weekly
at the end of the month
none of these
An endorsement on the back of a check consisting of the words “Pay to the order of” and a new check owner’s name is a
blank endorsement
special endorsement
restrictive endorsement
deposit endorsement
An endorsement on the back of a check consisting only of a signature is a(n)
blank endorsement
special endorsement
restrictive endorsement
deposit endorsement
The petty cash fund is a liability with a normal debit balance.
true
false
