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Accounting Terms
Analyzing Transactions
Accounting Concepts and Practices
More Accounting Terms
Misc
100
A bank account from which payments can be ordered by a depositor.
What is checking account
100
Which accounts are affected? Received bank statement showing bank service charge.
What is Misc. Expense and Cash?
100
True or False When the petty cash fund is replenished, the balance of the petty cash account increases.
What is False 
100
A statement that guides the ethical behavior of a company and it's employees.
What is code of conduct?
100
A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
What is electronic funds transfer?
200
A check that a bank refuses to pay.
What is dishonored check?
200
Which accounts are affected? Received notice from the bank of a dishonored check from J. Erlandson
What is Accounts Recievable - J. Erlandson and Cash?
200
True or False/Why - Voided checks should be recorded in the journal.
What is True 
200
An endorsement consisting only of the endorser's signature.
What is blank endorsement?
200
Which accounts are affected? Paid cash to establish a petty cash fund.
What is Petty Cash and Cash?
300
A signature or stamp on the back of a check, transferring ownership.
What is an endorsement?
300
Which accounts are affected? Paid cash on account to Fargo Supplies using EFT.
What is Accounts Payable - Fargo supplies and Cash
300
True or False When Petty cash is replenished, Petty Cash is debited and Cash is credited.
What is False?
300
A check with a future date on it.
What is postdated check?
300
True or False/Why - The purpose of a petty cash fund is to make small cash payments without writing checks.
What is true?
400
A petty cash on hand amount that is less than a recorded amount.
What is cash short?
400
Which accounts are affected? Purchased supplies using a debit card.
What is Supplies and Cash?
400
True/ False A check with a blank endorsement can be cashed by anyone who has the check.
What is true?
400
A petty cash fund is always replenished
at the end of the month
400
True or False/Why - The source document for an electronic funds transfer is a check number.
What is false - it is a memorandum.
500
An amount of cash kept on hand and used for making small payments.
What is petty cash?
500
Which accounts are affected? Paid cash to replenish a petty cash fund: $50.00; supplies, $35.00; miscellaneous expense, $14.00; cash short, $1.00.
What is Supplies, Cash Short and Over,Misc. expense and Cash?
500
True or False- The source document for an electronic funds transfer is a memorandum.
What is True 
500
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.
What is bank statement?
500
An endorsement indicating a new owner of a check.
What is special endorsement?