4.1
A group of accounts
what is a ledger
transferring information from a journal entry to a ledger account.
what is posting
a signature or stamp on the back of a check
What is an endorsement
a report of deposits, withdrawals, and bank balances sent to a depositor by a bank.
what is a bank statement
a check that a bank refuses to pay
what is a dishonored check
a number assigned to an account
what is an account number
410 Sales
What are revenue accounts
an endorsement only of the endorser's signature
What is a blank endorsement
a check which ahs been paid by the bank.
what is a canceled check.
a check dishonored by the bank because of insufficient funds in the account of the maker of the check.
what is non-sufficient funds check.
keeping records current
what is file maintenance or updates
130 Supplies
What are assets
an endorsement indicating a new owner of a check
What is a special endorsement
a fee charged by banks for services used.
What is a service charge
a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
what is electronic funds transfer (EFT)
An account that analyzes the debit and credit sides
what is a T account
500 Accounts
What are expense accounts
an endorsement restricting further transfer of a check's ownership.
What is a restrictive endorsement
an amount added to one's account
what is a deposit
a card that automatically deducts the amount of a purchase from the checking account of the cardholder.
what is a debit card
110 Account
what is a cash account
200 Accounts
what are liability accounts
A check that cannot be processed because the maker has made it invalid.
what is a voided check
an amount subtracted from one's account.
what is a deduction
an accounting worker who processes routine details about accounting transactions.
what is an accounting clerk