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Accounting Quizizz

Total questions: 11

Worksheet time: 4mins

Name
Class
Date
1.

You should keep your pin number in your wallet.

a)

True

b)

False

2.

When do you have to sign a deposit slip?

a)

When you receive cash back

b)

When you deposit any amount of cash

c)

When you deposit more than $100

d)

When you deposit more than $10,000

3.

Banks create money by taking in deposits, making _______, and charging _______.

a)

interest, payments

b)

loans, interest

c)

payments, loans

d)

debt, loans

4.

If you make an error on a check, what should you do?

a)

Void the check and write a new one

b)

Make corrections and initial the change

c)

Use whiteout to fix the error

d)

Throw the check away and write a new one

5.

When writing a check, it is a good idea to use

a)

pencil

b)

erasable pen

c)

blue or black ink pen

d)

red pen

6.

Another name for an overdraft fee is non-sufficient funds.

a)

true

b)

false

7.

The drawer is the person writing check.

a)

True

b)

False

8.

The payee is the financial institution the check is written on.

a)

True

b)

False

9.

What type of endorsement is the most secure?

a)

Blank Endorsement

b)

Restrictive Endorsement

c)

Endorsement in Full

d)

Full Endorsement

10.
Transaction:
Hannah paid her rent by writing a $400 check to her landlord.  This is a _________.
a)
Deposit (+)
b)
Withdrawal (-)
11.
Transaction:
Money is automatically transferred into Victor’s checking account for earnings from his job.  This is a __________.
a)
Deposit (+)
b)
Withdrawal (-)